Academy Medical Professional Liability Subcommittee Chairperson Kevin Bingham discussed the potential consequences of legislation to repeal an antitrust exemption for medical professional liability insurers. Bingham said the repeal could preclude data collection and aggregation across companies, which could reduce competition and potentially increase premiums.
On-air guests referred to the Academy's letter to Congress regarding the Community Living Assistance Services and Supports Act (CLASS Act), which included an actuarial analysis conducted by a joint work group of the Academy and Society of Actuaries. Scott Harrington, professor of health-care management and insurance and risk management at the University of Pennsylvania's Wharton School, said that the Academy had found that the premiums required to keep the program self-sustaining would be high and that most people will opt not to participate.
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An upcoming report by a joint work group of the Academy and Society of Actuaries on projected start-up capital requirements for health insurance co-ops and a public plan option was discussed during recent segment on health care reform. The Academy's Senior Health Fellow Cori Uccello was featured during segment.
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The Academy's Senior Pension Fellow Frank Todisco was the special guest on an Ohio retirement planning radio show. Todisco discussed the seven sources of retirement income.
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The Academy's Senior Pension Fellow Frank Todisco was the special guest on an Ohio retirement planning radio show. Todisco discussed various retirement security issues including risks associated with different retirement systems.
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