Long-term care insurance bill's prospects diminish
An actuarial analysis of the Community Living Assistance Services and Supports Act (CLASS Act) by a joint work group of the Academy and Society of Actuaries was cited.
An actuarial analysis of the Community Living Assistance Services and Supports Act (CLASS Act) by a joint work group of the Academy and Society of Actuaries was cited.
An Academy letter to congressional leaders regarding legislation to repeal an antitrust exemption for medical professional liability insurers was discussed. Academy Medical Professional Liability Subcommittee Chairperson Kevin Bingham wrote that the legislation could limit or preclude the collection, aggregation and analysis of data across companies, which could ultimately limit competition and potentially increase premiums.
An Academy letter to congressional leaders regarding legislation to repeal an antitrust exemption for medical professional liability insurers was discussed. Academy Medical Professional Liability Subcommittee Chairperson Kevin Bingham wrote that the legislation could limit or preclude the collection, aggregation and analysis of data across companies, which could ultimately limit competition and potentially increase premiums.
An Academy letter to congressional leaders regarding legislation to repeal an antitrust exemption for medical professional liability insurers was discussed. Academy Medical Professional Liability Subcommittee Chairperson Kevin Bingham wrote that the legislation could limit or preclude the collection, aggregation and analysis of data across companies, which could ultimately limit competition and potentially increase premiums.
An Academy letter to congressional leaders regarding legislation to repeal an antitrust exemption for medical professional liability insurers was discussed. Academy Medical Professional Liability Subcommittee Chairperson Kevin Bingham wrote that the legislation could limit or preclude the collection, aggregation and analysis of data across companies, which could ultimately limit competition and potentially increase premiums.
Academy Senior Pension Fellow Frank Todisco discussed how cashing out a 401(k) plan before retirement jeopardizes a worker's future financial security, particularly if that worker does not have a traditional defined benefit pension plan.
Academy Senior Pension Fellow Frank Todisco discussed increasing the retirement age as part of any reform package for Social Security.
An Academy letter to congressional leaders regarding negotiations to combine House and Senate health care reform legislation was quoted. The Academy said that financial penalties in both Senate and House bills are fairly weak compared to the coverage costs and that lower-risk individuals could be more likely to pay the penalty and forgo coverage, putting upward pressure on premiums.
The Academy's Jan. 14 letter to congressional leaders regarding merging House and Senate health care reform legislation was cited. The Academy expressed concerns regarding the ability of the individual health insurance coverage mandate to effectively limit adverse selection.
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. Audio available.