Public Policy Papers

Tax Work Group discussion paper to the Life Actuarial Task Force and the American Council of Life Insurers regarding tax implications for structuring new commissioners’ mortality tables to include the extra mortality risk of business not subject to full underwriting. (December 7, 2011)
International Accounting Standards Task Force’s white paper on the topic “What Belongs in Other Comprehensive Income” and “How Would You Calculate It?” with respect to insurance contracts. (December 6, 2011)
The Risk Classification Work Group published “On Risk Classification” an update to the 1980 “Risk Classification Statement of Principles”. This monograph is intended to provide actuaries and other interested parties with an in-depth but accessible discussion of the concepts underlying risk classification as it is applied in all actuarial practice areas. (November 15, 2011)
Nonforfeiture Modernization Work Group's Nonforfeiture Improvement Report that makes certain recommendations with respect to life insurance and annuity nonforfeiture mandates and sets forth certain items for further discussion. (August 1, 2011)
Flood Insurance Subcommittee's monograph on the actuarial issues surrounding the history and future of the National Flood Insurance Program. (July 12, 2011)
Health Practice Council fact sheet providing an overview of the Medicare Shared Savings Program and how accountable care organizations (ACOs) are addressed in the Affordable Care Act. (June 16, 2011)
Health Practice Council brief providing definitions for commonly used terms associated with health care reform implemenation. (August 1, 2010)
Financial Regulatory Reform Task Force white paper outlines new key functions necessary for effective systemic risk regulation. (May 1, 2010)
Critical Issues in Health Reform
In 2009, the Academy's Health Practice Council introduced a new series of policy statements -- Critical Issues in Health Reform -- to provide an actuarial perspective to policymakers as they grappled with developing comprehensive reform proposals to slow the increase in health care costs, provide affordable and accessible coverage for the uninsured, and promote quality care. These policy statements addressed a variety of issues related to health care reform, providing the implications of various proposals being considered and their potential impact on the health insurance market.
(March 23, 2010)
Health Policy Council call to action urging the President and Congress to restore the long-term solvency and financial sustainability of Medicare. (February 1, 2010)
Academy and Society of Actuaries technical report to help policymakers and the public understand the potential implications of an excise tax on high-cost, employer-provided health plans. (January 1, 2010)
Nonforfeiture Improvement Work Group's policy paper regarding general revision of life and annuity standard nonforfeiture laws. (December 1, 2009)
Joint Academy/SOA technical report and webcast on the start-up capital requirements for health care cooperatives and/or a public plan option. (November 2, 2009)
Financial Reporting Committee white paper and notes on the use of discount rates in accounting present value estimates. (September 15, 2009)
Consumer-Driven Health Plans Work Group monograph summary of results from several experience studies on Consumer-Driven Health Plans. (May 1, 2009)
Risk Management and Financial Reporting Council white paper outlines risk management requirements for effective systemic risk regulation. (April 30, 2009)
Pension Committee and Social Security Committee joint work group document addressing better ways to educate the public about retirement planning. The committees suggest changes to current Social Security publications, specifically the "Thinking of Retiring?" special insert to the annual Social Security Statement for workers 55 or older and the "When to Start Receiving Retirement Benefits" publication (05-10147). (July 1, 2008)
Mass Torts Subcommittee monograph providing an overview of asbestos claim issues and trends. (August 1, 2007)
Medicare Steering Committee monograph highlighting various potential approaches for addressing Medicare's financial problems, along with a discussion of their relative strengths and weaknesses. The report also provides an overview of how Medicare is funded and its financial status. (June 30, 2007)
Premium Deficiency Reserves Work Group of the Health Practice Financial Reporting Committee discussion paper focuses on health premium deficiency reserves, with examples, common terms and references to authoritative guidance. (March 31, 2007)
Social Insurance Committee monograph presenting an overview of proposed reforms to the Social Security program. (January 1, 2007)
Health Practice Council fact sheet highlighting findings from a study released by the Society of Actuaries that provides insights into the costs among nonsmokers exposed to secondhand smoke. (October 3, 2006)
Pension Committee analysis of possible means by which employers that sponsor defined benefit (DB) pension plans are kept responsible for their pension promises. (May 1, 2006)
Pension Committee analysis of congressional pension funding reform proposals, updating a previous analysis from February 2005. (March 1, 2006)
Multiemployer Plans Task Force analysis of the multiemployer plan provisions included in current pension funding reform legislation. (November 7, 2005)