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The Hill Runs Health VP Murphy-Barron’s Op-Ed on King v. Burwell
The Hill, a news site read widely in the nation’s capital, published an op-ed by Health Practice Council Vice President Catherine Murphy-Barron this week pointing out some of the broader challenges that the King v. Burwell case before the Supreme Court raises for the individual market. Murphy-Barron explained that the Academy’s proposal for rate filing flexibility, outlined in a Feb. 24 letter to Health and Human Services (HHS) Secretary Sylvia Mathews Burwell, is a limited remedy and “would not resolve or mitigate the potential massive disruption in the individual market due to what could be millions of individuals dropping coverage, and the higher average costs of those retaining coverage, among other effects of discontinuing premium subsidies.” The Academy, she said, is “committed to doing its part to aid in that effort [to address potential broader market disruption], should the court’s ruling necessitate remedial action.”
Academy President Miller Applauds ‘Spirit of Service’ and Urges Award Nominations
In an email to all members this week Academy President Mary D. Miller praised the “spirit of service” of those honored in recent years with the Academy’s highest awards, the Robert J. Myers Public Service Award and the Jarvis Farley Service Award, and urged members to submit nominations for this year’s awards. The Myers Award honors a member actuary who has made an exceptional contribution to the common good, specifically through a single noteworthy public service achievement or a career devoted to public service. The Farley Award annually honors a member actuary whose volunteer efforts on behalf of the Academy have made significant contributions to the advancement of the profession through a lifetime of service.
Upcoming Events
International health care costs: Join the Academy’s Health Practice Council and the International Actuarial Association at 9:30 a.m. EDT on May 13 for “Exploring Global Health Care Cost Drivers: South Africa and the United States.” This second webinar in a series will provide a unique opportunity to learn about the successes and challenges that both South Africa and the United States have experienced as they’ve worked to identify and address particular cost drivers. No fee is charged for Academy members or members of the IAA’s health section. -
International insurance regulation: Join us on May 20 for “International Insurance Regulation 101,” an Academy Capitol Forum webinar focused on the important international regulatory role of the International Association of Insurance Supervisors (IAIS). The IAIS is the regulatory body responsible for developing and assisting in the implementation of principles, standards, and other supporting material for the supervision of the insurance sector internationally. Deputy Secretary General of the IAIS George Brady will provide an overview of the IAIS and its activities, and help participants navigate the acronym alphabet soup surrounding international insurance regulation.
Don’t Miss Out on the 2015 LHQ Seminar
Register now for the 2015 Life and Health Qualifications Seminar, to be held Nov. 9-12 in Arlington, Va. (metropolitan Washington, D.C.). See why so many of your peers find this seminar the most succinct and effective way to acquire the required basic education and continuing education to assist in being qualified to sign NAIC annual statement life and health actuarial opinions.
This seminar is the primary source of instruction for actuaries who wish to be qualified to issue actuarial opinions for either the NAIC Life and A&H Annual Statement or the NAIC Health Annual Statement but may not have met the basic education requirements set forth in Section 3.1.1 of the U.S. Qualification Standards (USQS).
Register early—Seats are limited and will fill up quickly.
Public Policy Activities
More Academy in the News
The Academy’s social media effort to raise awareness of the property/casualty risks associated with extreme weather-/climate-related events in advance of Earth Day (April 22), which is based on the Academy’s Essential Elements “Climate Change” paper, continued to receive media coverage. Insurance News Net and the French Canadian publication Journal de L’assurance ran stories referencing the material, and WeatherBug.com republished an op-ed from The Kansas City Star. Follow the Academy on Facebook, Twitter, and LinkedIn to view the messages sent. Former Senior Pension Fellow Don Fuerst provided comments for the subscriber-only (Memphis, Tenn.) Commercial Appeal story “Pensions: ‘There's just something wrong when a 39-year-old can retire with a full pension,’” part of a series examining the city’s ongoing pension funding issues. “If you only pay for 75 or 80 percent of the pension that people earn this year, what you’re doing is pushing the other 25 percent onto some future generation and making them pay for it,” Fuerst said. “Eventually someone has to pay for this and if you don’t pay for it now, you’re making your children and your grandchildren pay for it when you got the benefit of the work that those people did.”
Note: Some links in this email go to external websites and may require registration. The Academy is not responsible for the content of these websites. Links may expire.
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