Academy News

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (March 23, 2018)

In the spring Casualty Quarterly, Edmund Douglas, chairperson of the Academy’s Cyber Risk Task Force, writes about cyber risk as a pre-eminent security concern—a wakeup call akin to the Great Fire of London in 1666. Also covered are two practice notes from the Committee on Property and Liability Financial Reporting; the Academy’s take on a “Qualified Actuary” proposal; and state and federal legislative, judicial, and regulatory activity. (March 19, 2018)

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (March 16, 2018)

The Academy recently adopted an updated Board and Committee Meetings Policy as another mechanism to ensure that the high level of professional objectivity and independence from any specific special interests are maintained. Answers to frequently asked questions (FAQs) on the updated policy are now available. (March 16, 2018)

In the March HealthCheck, the Health Practice Council (HPC) made its annual visits to Capitol Hill this month, highlighting a new issue brief on prescription drug costs. Much of this year’s HPC discussions focused on efforts to stabilize the individual health insurance market and on the proposed rules on association health plans and short-term, limited-duration insurance. Also covered, a new public policy practice note from the Group Long-Term Disability Practice Note Work Group; an Academy statement on a U.S. District Court decision involving Actuarial Standard of Practice No. 49; and registration is open for the Academy’s Life and Health Qualifications Seminar. (March 14, 2018)

The Academy issued a news release explaining that a recent decision by the U.S. District Court for the Northern District of Texas regarding a Department of Health and Human Services (HHS) regulation on actuarially sound Medicaid payments “mischaracterizes the role of the Actuarial Standards Board.” Read the release here. (March 13, 2018)

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (March 09, 2018)

The Health Practice Council gave a briefing on Capitol Hill to policymakers and congressional and federal agency staff, offering expertise on the drivers of growth in drug expenses; benefits versus costs for new treatments; the impact of high and increasing prescription drug costs on payers; and options to address spending. Read the news release. (March 09, 2018)

Past Academy President Mary D. Miller submitted two letters from the Academy to the NAIC this week—one responding to NAIC’s Casualty Actuarial and Statistical Task Force’s (CASTF) request for comments on the appointed actuary’s public attestation and supporting confidential documentation, and a second responding to CASTF’s request for proposals on the three-year experience period. (March 09, 2018)

The Prescription Drug Work Group published an issue brief highlighting prescription drug issues present in our health care system, including cost drivers, the effect on various stakeholders, and possible approaches that might help address the health care cost growth associated with prescription drugs. (March 07, 2018)

The Individual and Small Group Markets Committee sent comments to the U.S. Department of Labor on proposed rules regarding the definition of ‘‘Employer’’ under section 3(5) of ERISA—Association Health Plans. (March 05, 2018)

Read the latest issue of This Week—the Academy's end-of-week digital newsletter, compiling a week’s worth of news, updates, and media coverage in one convenient, easy-to-use publication. (March 02, 2018)

The Health Practice Council sent comments to the Idaho Department of Insurance on allowing health insurers to offer state-based plans that are not compliant with the Affordable Care Act in Idaho.  (March 02, 2018)

The February Actuarial Update covers the Academy’s new issue paper on how high-performance networks can potentially reduce health care costs while boosting efficiency and quality of care. Also in this issue: Annual acknowledgment of the Academy’s conflict of interest policy and continuing education attestation is due; Multiemployer Plans Committee members discuss multiemployer pension plan issues with the Pension Benefit Guaranty Corporation; an outline and explanation of the Academy’s revised meetings policy; and in the “Professionalism Counts” column, Actuarial Standards Board Chairperson Beth Fitzgerald outlines core disclosure obligations related to actuarial standards of practice. (February 28, 2018)

The High-Performance Network Work Group of the American Academy of Actuaries has released a new issue paper, High-Performance Networks. Drawing on recent public policy debates about addressing health care spending, this paper explores the expansion of high-performance networks (HPNs) which generally focus on delivering high-quality and efficient care, as a potential solution. (February 27, 2018)