In this month's HealthCheck, read about the Academy’s new public policy research partnership with the Health Care Cost Institute, Federal Health Committee member Joyce Bohl’s presentation on the Affordable Care Act’s effect on rating, the letter that the Health Solvency Work Group sent to the National Association of Insurance Commissioners’ Health Risk-Based Capital Working Group, the Department of Health
The ORSA Subgroup submitted comments to the NAIC on its Guidance Manual for the Own Risk and Solvency Assessment (ORSA), noting that revisions made in the March 2014 draft provide clarity for those developing ORSA reports.
William Hines, vice-president of the Risk Management and Financial Reporting Council, submitted written testimony to the U.S. Senate Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection for its hearing on capital regulation for insurers.
The Health Solvency Work Group sent a letter to the NAIC Health Risk-Based Capital Working Group that offered ideas for alternatives to increasing riks-based capital factors to cover the 3Rs.