The Academy's Health Practice Council and the SOA jointly released a research brief that summarizes the key findings and policy implications of a study, conducted by Milliman and sponsored by the SOA, of the risk mitigation programs under the Affordable Care Act (ACA)—risk adjustment, reinsurance, and risk corridors. (June 04, 2012)
The Pension Committee submitted a comment letter to the Actuarial Standards Board responding to an exposure draft of ASOP No. 27, Selection of Economic Assumptions for Measuring Pension Obligations. The letter addressed several provisions of the exposure draft, including scope, selection of reasonable assumptions, investment return assumptions, and measurement-specific conditions. The Joint Committee on Retiree Health also submitted a letter, focusing on the interaction of the ASOP to retiree group benefits practice. (May 31, 2012)
The Pension Committee submitted a comment letter to the Actuarial Standards Board responding to an exposure draft and suggesting modifications to proposed revisions of ASOP No. 4, Measuring Pension Obligations and Determining Pension Plan Costs or Contributions. The Pension Finance Task Force also submitted a letter to the ASB responding to the exposure draft, as did the Joint Committee on Retiree Health whose letter focused on the interaction with retiree group benefits practice. (May 31, 2012)
The Social Security Committee updated its annual issue brief offering an actuarial perspective on the 2012 Social Security Trustees Report and outlined policy options for addressing the program's long-term financial challenges. (May 31, 2012)
The Social Security Committee published a new issue brief examining the significance of the Social Security trust funds from three perspectives: the Social Security system, a unified federal budget, and the whole economy. (May 31, 2012)
The Social Security Committee updated an issue brief examining the assumptions used to evaluate Social Security's financial condition. The brief analyzes demographic and economic assumptions used by the federal government and outside experts. (May 31, 2012)
Read about recent health care reform activities in the latest edition of HealthCheck. (May 30, 2012)
The Medicare Steering Committee updated its annual issue brief that offers an actuarial perspective on Medicare's financial condition and outlines the public policy options to address the program's long-term financial challenges. (May 22, 2012)