Sunday 1st January, 2006


Self preservation ...nature’s first law

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In Kevin Trudeau’s new book, Natural Cures ‘They’ Don’t Want You To Know About, he predicts that Codex will create a situation that shifts the prices of vitamins and mineral supplements by some 50 to 100 per cent in the future. This will have implications on the cost of routine health care.

Codex is a commission established in the European Union, in association with the World Health Organisation, that seeks to address the “growing international concern related to a perceived emergence/increase in food-borne diseases,” and the use of organically-grown food by exacting “standards.”

According to this “new awareness,” the good news is that locally-grown provisions and other foods are a positive indicator for the good health of the nation. The not-so-good news is that we have a rather high food import bill, and our dependence on processed foods is categorical.

Whatever the results of this Commission’s work, we still have to fund individual health care. The price of our basket of food has increased perhaps 21 per cent over the past several months. The rising cost of medicine and doctors’ visits is another phenomenon.

The Merck Manual online edition, retrieved December 28, 2005, cites vascular disease as the leading cause of morbidity and mortality in the US and most Western countries. Coronary Artery Disease (CAD) kills about one in every 100 in the age group 55 to 64.

The thing is, these diseases do not kill you off outright. They present treatable symptoms, and linger for years. And the costs associated also linger.

The most effective way to pay for medical expenses is through insurance. Intelligent guesswork shows that with insurance, you may pay 30 cents for every dollar of benefits, because of the pooling effect among a large group of participants who contribute premiums, all of whom do not get sick at the same time.

Without insurance, you get to pay dollar for dollar, for every dollar on the medical bill, since it comes out of your savings. If you have to borrow, you can pay $1.24 for every $1.

Of the types of insurances that cover health, Group Health is the most cost effective. Once more, a larger group of people contributes premiums, all of whom do not get sick. So, in a way, those who do not get sick help to pay for those who get sick.

This is a fundamental principle of good societal and community living. It is about helping your neighbour who is in trouble.

Since you never know whether you are in the 99 out of the 100 who will not get a CAD, or whatever percentage of the population gets diagnosed with diabetes, partial blindness and/or kidney disease, it is better to be safe than sorry.

Group Health insurance is accessed by members of a group, who work in a common industry, and is priced less than individual health insurance. It can cover the entire family.

However, group health insurance ends when you leave the group, or its benefits are significantly reduced when you retire.

This is why you should have both Group and Individual Health insurance. Individual health insurance will go up to age 70 or 75 at least.

Yes, there have been claims that were unpaid by unscrupulous claim adjudicators at certain places. However, wrongful denials get redress within the legal systems.

You simply have to understand the terms and conditions of your policy contract.

A good resolution fo this new year is to know what’s going down, and to take action. As my father used to say, “Self preservation is nature’s first law.”

©2004-2005 Trinidad Publishing Company Limited

Designed by: Randall Rajkumar-Maharaj · Updated daily by: Sheahan Farrell