This Week: June 12 - 16, 2017

Read the latest news from the Academy.

Recent Academy Activity, June 12–16, 2017

Woodward to Deliver Annual Meeting Keynote; Extra-Early Discount Ends Tuesday

Bob Woodward, two-time Pulitzer Prize-winning Washington Post reporter, will deliver a keynote address on Nov. 14 at the Academy’s 2017 Annual Meeting and Public Policy Forum in Washington.

Woodward, who broke the Watergate story with Carl Bernstein and is a best-selling author of books covering the past eight presidents, will bring his fact-based, tough-minded reporting perspective and extensive historical knowledge of the presidency to the key question of what the nontraditional Trump presidency means for the country.

This year’s agenda will deliver the latest on today’s top public policy and professionalism issues, including updates on health care, tax, pension, and financial services regulation and policymaking. Get the strategic information you need—make plans to join us in November.

Extra-early registration ends this Tuesday, June 20. Register today to take advantage of the lowest rates.

Academy Participates, Presents on Health Issues

Academy Senior Health Fellow Cori Uccello presented a nonpartisan, objective actuarial perspective on the individual health insurance market at a meeting of U.S. senators and a group of health care experts on Capitol Hill in Washington on Monday. Details of the Academy’s analysis of these issues—including the status of the current market and actions to improve its stability and sustainability—are available in the public policy section of the Academy’s website. Also on Monday, Uccello participated in a teleconference, hosted by the Commonwealth Fund, on the individual health insurance market.

Professionalism Outreach

Council on Professionalism member Mike Ward gave a presentation Friday, “Professionalism Developments in 2017,” at the spring meeting of the Actuaries’ Club of the Southwest in Corpus Christi, Texas.

Academy Seeks Proposals for Life and Health Valuation Law Manual

The Academy is seeking proposals to provide research and editorial services necessary to update and assist in publication of the Life and Health Valuation Law Manual, scheduled to be released in early 2018. Academy members are invited to submit proposals in accordance with our request for proposals. Responses must be submitted by 5 p.m. EDT on Friday, June 30. Questions and requests for additional information may be sent to Heather Jerbi, assistant director of public policy, at 202-223-8196, or jerbi@actuary.org.

Recently Released

The June HealthCheck covers the latest Academy activities in the health care sphere, including a roundup of recent media coverage. Also in this issue are comments by the Health Practice Council and Medicare Subcommittee to Congress, and legislative, judicial, and regulatory updates from the states and the federal government.

Upcoming Events

  • June 26 and 27—Capitol Hill Briefings on Flood Insurance, Multiemployer Pension Plans: The Academy’s Casualty Practice Council (CPC) and Pension Practice Council (PPC) will hold briefings on Capitol Hill in Washington on Monday and Tuesday, June 26 and 27, respectively. The casualty briefing will examine the National Flood Insurance Program, which is scheduled to expire at the end of September unless reauthorized by Congress. The PPC will examine multiemployer pension plans. RSVP for the casualty event here; registration for the pension event will open next week.

  • June 26 Webinar—Exposed Practice Note on Credit for Life Reinsurance: Join the Academy on Monday, June 26, for a webinar providing an in-depth review of the draft Credit for Life Reinsurance in U.S. Statutory Financial Statements practice note recently exposed by the Reinsurance Committee’s Credit for Reinsurance Subgroup. Attendees will learn about current and emerging practices used to determine the credit for reinsurance that may be taken on statutory financial statements and will gain background for commenting on the draft. The webinar will take place from noon to 1 p.m. EDT. Register today.

  • June 28 Professionalism Webinar—Actuary-to-Actuary Communications: The Academy will host a professionalism webinar, “Actuary-to-Actuary Communications,” on Wednesday, June 28, from noon to 1:30 p.m. EDT. The presenters—Academy President Bob Beuerlein; Council on Professionalism member Cecil Bykerk; and Janet Fagan, past chairperson of the Actuarial Board of Counseling and Discipline—will discuss relevant precepts of the Code of Professional Conduct, weigh case studies, and give attendees insights on how the Code and other professionalism tools can help guide successful actuary-to-actuary communication. The Academy believes in good faith that attendees will have the opportunity to earn up to 1.8 CE credits as well as 1.8 CPE credits for core ethics under JBEA rules. Register today.

  • LHQ Seminar Provides Necessary Qualifications: Are you an actuary who wishes to be qualified to issue actuarial opinions for either the NAIC Life and A&H Annual Statement or the NAIC Health Annual Statement? If so, make plans to attend the 2017 Life and Health Qualifications Seminar. This highly regarded seminar provides three days of training and instruction, along with the opportunity for attendees to take the Specific Qualification Standard exam on the final day. For more experienced actuaries, it serves as an excellent basic education refresher or as a source of required continuing education. Attendees can earn up to 27 hours of continuing education, including up to 2.7 professionalism hours. Limited space is available; register today for the lowest rates and to secure your space.

Public Policy Activities

In the News

  • The Academy’s issue brief on 2017 health premium drivers was cited in a Modern Healthcare story discussing a recently introduced bill that would make reinsurance a permanent part of the ACA’s individual exchanges.

  • An opinion piece published in the Atlanta Journal-Constitution discussing Georgia’s Teacher Retirement System cited the Academy’s analysis that all plans should have the objective of accumulating assets equal to 100 percent of a relevant pension obligation.

  • The Academy was mentioned in a Washington Examiner article covering Sen. Bill Cassidy’s (R-La.) meeting with insurers and Republican senators on the health of the individual market and on repeal and replacement of the ACA.

  • Benefitslink.com published a media advisory announcing the Urban Institute’s upcoming June 28 event, “Stabilizing the Individual Health Insurance Market,” where discussion panelists, including Academy Senior Health Fellow Cori Uccello, will discuss the role for risk adjustment and other risk-mitigation measures in the individual market.

  • A Policy & Medicine story covering the May 5 Capitol Hill forum hosted by the Alliance for Health Reform cited Uccello’s comments on the individual health insurance market.

  • In a HealthDay article, Uccello discussed the factors that play into the rate changes insurers are proposing. The article was reprinted by several media outlets, including UPI, Newsline, Philly.com, Doctors Lounge, Health On the Net Foundation, and Drugs.com.

Note: Some links in this email go to external websites and may require registration. The Academy is not responsible for the content of these websites. Links may expire.