It's time for actuaries to stand up and be counted

Source : 
http://watchdog.org/8105/it%E2%80%99s-time-for-actuaries-to-stand-up-and-be-counted/
Date: 
January 26, 2011

Academy President-elect David Sandberg discussed the Academy Public Plans Practices Task Force report on "Risk Management and Public Retirement Systems." Sandberg said that it is important for state and local officials to fully understand their risk exposure.

Media Outlet: 
Watchdog.org

Commentary: Health reform inflates insurance costs

Source : 
http://www.pittsburghlive.com/x/pittsburghtrib/opinion/s_720358.html
Date: 
January 30, 2011

The Academy Consumer-Driven Health Plans (CDHP) Work Group's analysis of CDHP research studies was cited in an op-ed. According to the work group's analysis, high-deductible plans reduce costs between 12 and 20 percent in the first year and between three to five percent annually in the subsequent years.

Media Outlet: 
Pittsburgh Tribune-Review

Rep. Guinta talks U.S. budget in Laconia

Source : 
http://www.fosters.com/apps/pbcs.dll/article?AID=/20110130/GJNEWS02/701309870/-1/FOSNEWS0413
Date: 
January 31, 2011

Rep. Frank Guinta explained a "defined contribution" approach to Medicare reform, as described in the Academy's Medicare Reform Options monograph. According to the Academy, a defined contribution approach means that Congress would define the level of Medicare funding provided to seniors rather than define the level of benefits provided to them. Seniors would receive a fixed dollar amount toward their health coverage, rather than receive guaranteed benefits.

Media Outlet: 
The Citizen of Laconia

CLASS Act is now live

Source : 
http://biz570.com/education-healthcare/healthcare/class-act-is-now-live-1.1098002
Date: 
January 31, 2011

Steve Schoonveld, an Academy representative on long-term care issues, discussed the Community Living Assistance Services and Supports (CLASS) Act. Schoonveld said that adding eligibility restrictions might limit adverse selection, which is one of the primary concerns that actuaries have with the federal long-term care program.

Media Outlet: 
Northeast Pennsylvania Business Journal

Commentary: Pension reforms do not go far enough

Source : 
http://www.baltimoresun.com/news/opinion/oped/bs-ed-mossburg-20110131,0,1490171.column
Date: 
January 31, 2011

The Academy Public Plan Practices Task Force's report, "Risk Management and Public Retirement Systems," was cited in an op-ed. As described in the commentary, the report said that "states need to identify conflicts of interest within the system, clearly establish rules to ensure adequate funding and educate administration officials and unions about the economic consequences of policy."

Media Outlet: 
Baltimore Sun

Awaiting health law's prognosis

Source : 
http://www.nytimes.com/2011/02/02/business/02insure.html?ref=business
Date: 
February 1, 2011

Academy Health Practice Council Vice President Tom Wildsmith discussed lifetime limits on health coverage. Wildsmith said that the expense of eliminating lifetime limits is fairly modest.

Media Outlet: 
New York Times

Five ways to fix Social Security before it runs dry

Source : 
http://www.walletpop.com/2011/02/02/five-ways-to-fix-social-security-before-it-runs-dry/
Date: 
February 2, 2011

The Academy's Social Security Game was cited and linked. According to the Social Security Game, subjecting all incoming to Social Security tax without increasing benefits--as calculated under current law--would eliminate 100 percent of Social Security's long-term shortfall.

Media Outlet: 
AOL's WalletPop

Preparing for long-term care: Any good options?

Source : 
http://www.time.com/time/nation/article/0,8599,2044464,00.html#ixzz1DOk61cUD
Date: 
February 8, 2011

Academy volunteer Steve Schoonveld discussed the average costs of various long-term care services.

Media Outlet: 
Time

Nursing-home blues

Source : 
http://www.nationaljournal.com/member/magazine/long-term-care-plan-in-trouble-20110217?mrefid=site_search
Date: 
February 17, 2011

Academy volunteer and long-term care expert Steve Schoonveld discussed changes proposed by the Department of Health and Human Services regarding the Community Living Assistance Services and Supports (CLASS) Act. He said the proposal would alleviate many of the actuaries' concerns with the health care reform provision that establishes a federal long-term care program. Schoonveld said that he remains concerned, however, about affordability issues that could limit participation.

Media Outlet: 
National Journal

Long-term care needs changes, officials say

Source : 
http://www.nytimes.com/2011/02/22/health/policy/22care.html?partner=rss&emc=rss
Date: 
February 21, 2011

Academy leaders cited for their comments on the Community Living Assistance Services and Supports (CLASS) Act. The actuaries are concerned that the federal long-term care program, established by the health care reform law, will attract a disproportionate share of higher-risk individuals and will lead to adverse selection issues.

Media Outlet: 
New York Times