The Health Practice Council submitted a comment letter to the U.S. Department of Health and Human Services in response to the proposed rule regarding benefit and payment parameters for 2015. The letter represents input from three Academy work groups on issues associated with composite rating, proposed changes to the actuarial value calculator and methodology, and the three risk-sharing mechanisms.
( )The National Association of Insurance Commissioners Health Insurance and Managed Care (B) Committee adopted the Academy/SOA's group long-term disability valuation table and actuarial guideline at its fall national meeting.
( )The Individual Dsiability Table Work Group gave a presentation on an updated table to the NAIC's Health Actuarial Task Force.
( )The Academy/SOA's Individual Disability Table Work Group provided a final report and actuarial guideline on a new individual disability table to the NAIC's Health Actuarial Task Force at its fall national meeting.
( )The Long-Term Care Principle-Based Work Group presented an update to the NAIC's Long-Term Care Actuarial Working Group on work to complete the LTC principle-based approach model.
( )Are you wondering how key global and domestic stakeholders responded to the insurance contracts accounting exposure drafts and where international accounting is headed? Find out Jan. 2 as the Academy hosts a webinar during which presenters will provide a discussion of the Academy’s comments on key issues in the IASB and FASB exposure drafts on insurance contracts; an overview of concepts and concerns from globally influential bodies on those exposure drafts; and, a look at the direction of global convergence.
( )The Rate Review Practice Note Work Group submitted technical comments to the Center for Consumer Information and Insurance Oversight (CCIIO) on the current versions of the Unified Rate Review Template and the actuarial memorandum instructions.
( )The Health Practice Council published a new fact sheet that provides an overview of the three risk-sharing mechanisms included in the Affordable Care Act (ACA) - the permanent risk adjustment program, temporary risk corridors, and the transitional reinsurance program.
( )Susan Pantely, who chairs the Academy's Models of Care Delivery Subgroup, gave a presentation on behalf of the Academy to the National Conference of Insurance Legislators on new models of care delivery.
( )Audrey Halvorson, who chairs the Academy's Rate Review Practice Note Work Group, made a presentation on behalf of the Academy to the National Conference of Insurance Legislators on the Affordable Care Act's effect on premiums.
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Find out what researchers learned from Oregon’s efforts to expand its Medicaid program and get an inside look at the utilization, finances, and health outcomes of those who were selected in the lottery compared to those who were not. Co-author of the study, Katherine Baicker, PhD, Professor of Health Economics in the Department of Health Policy and Management at Harvard School of Public Health, will lead the discussion in providing an overview of the study, including methods, assumptions, and data received. The study led to some interesting conclusions—register to learn more!
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The NAIC's Group Long-Term Disability Valuation Table Implementation (B) Subgroup voted to re-expose the Academy's proposed Group Long-Term Disability Work Group Actuarial Guideline until Dec. 3.
( )The Health Practice Council sent a letter to members of Congress outlining the potential consequences of proposals that would modify ACA provisions regarding plan cancellations in the individual and small group health insurance markets. Read the news release.
( )The State Long-Term Care Task Force submitted a comment letter to the NAIC's Long-Term Care Valuation Subgroup regarding proposed changes to the NAIC's Health Insurance Reserves Model Regulation.
( )The Health Practice Council sent a letter to members of Congress outlining potential adverse consequences of delaying the Affordable Care Act's (ACA) individual mandate and/or extending its open enrollment period. Read the news release.
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