Health care gamble
The Academy's Senior Health Fellow Cori Uccello explained that health insurance coverage for younger adults can be beneficial even though they are lower risk, on average, than older adults.
The Academy's Senior Health Fellow Cori Uccello explained that health insurance coverage for younger adults can be beneficial even though they are lower risk, on average, than older adults.
The Academy was cited for noting that efforts to increase access to health coverage through guaranteed issue and modified community rating rules—components of the various reform bills—typically result in high-risk individuals being the first to enroll. Thus efforts to draw in low-risk individuals through a mandate or other incentives are crucial in reducing adverse selection and keeping the system viable.
Academy Senior Pension Fellow Frank Todisco warned that retirees who collect early Social Security benefits could be forgetting about a key financial risk for recipients, "longevity risk, the risk of living too long."
Considerations detailed in an Academy letter to Congress, which included an actuarial analysis of the Community Living Assistance Services and Supports Act (CLASS Act) by a joint Academy/Society of Actuaries work group, were referenced in article exploring concerns with the proposed structure for a federal long-term care program.
The Academy's Health Practice Council Vice President Al Bingham was quoted on the need for an effective and enforceable mandate to reduce adverse selection and keep the health care system viable. The Academy called for a mandate to be implemented "in conjunction with, or at least not too long after" new coverage regulations.
An actuarial analysis conducted of the Community Living Assistance Services and Supports Act (CLASS Act) by a joint Academy/Society of Actuaries work group was cited in an op-ed by American Council of Life Insurers President Frank Keating. The CLASS Act is a health care reform provision that proposes a federal long-term care program.
Considerations detailed in an Academy letter to Congress, which included an actuarial analysis of the Community Living Assistance Services and Supports Act (CLASS Act) by a joint Academy/Society of Actuaries work group, were referenced in an article on health care reform. The CLASS Act is a health care reform provision that proposes a federal long-term care program.
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.
A new technical report prepared by a joint work group of the American Academy of Actuaries and Society of Actuaries that includes start-up capital requirement estimates under different scenarios for health insurance co-operatives and a public plan option was discussed.
An actuarial analysis of the Community Living Assistance Services and Supports Act (CLASS Act) by a joint American Academy of Actuaries and Society of Actuaries work group was cited. The CLASS Act is a health care reform provision that proposes a federal long-term care program.