Public Policy News

Read about recent health care reform activities in the latest edition of HealthCheck. (March 13, 2013)
Join us on March 13 and 14 for this free two-part webinar series to learn more about the recently released final rules related to the Affordable Care Act implementation. The American Academy of Actuaries will hold this webinar with representatives from the Center for Consumer Information and Insurance Oversight, who will be on hand to answer YOUR questions, specifically regarding actuarial value determinations, cost-sharing reductions, essential health benefits, and the final market reform rules. (March 12, 2013)
Cori Uccello, the Academy's senior health fellow, submitted written testimony to the House Ways and Means Subcommittee on Health in response to its recent hearing that examined Medicare's traditional fee-for-service benefit design. (March 8, 2013)
Senior Life Fellow Nancy Bennett presented to state legislators at the National Conference of Insurance Legislators Spring Meeting regarding the implementation and review process for Principle-based Reserves. (March 8, 2013)
The Committee on Property & Liability Financial Reporting provided a comment letter to the NAIC’s Blanks Working Group on its proposed changes to move all force-placed or lender-placed business from the current line to the write-in line of Schedule P.  (March 7, 2013)
The Rate Review Practice Note Work Group submitted comments to the Center for Consumer Information and Insurance Oversight (CCIIO) recommending several modifications to the unified rate review template and instructions associated with the final rules implementing the rate review and disclosure provisions in the ACA. (March 7, 2013)
The Pension Committee released an issue brief recommending changes that will allow private sector defined benefit plans to raise their normal retirement age above 65 to better align with Social Security. Read the news release. (March 7, 2013)
The Enterprise Risk Management Committee exposed its practice note, Insurance Enterprise Risk Management Practices, for public comment. The practice note discusses ERM practices within the insurance industry and concepts such as risk culture, risk organization, and risk governance. (March 7, 2013)
The International Accounting Standards Task Force sent papers to FASB on issues related to the Insurance Contracts project discussed at a November 2012 meeting with FASB staff. (March 5, 2013)
The Contingent Annuity Work Group commented on the NAIC Contingent Deferred Annuity (A) Working Group's February draft recommendation to the Life Insurance and Annuities (A) Committee. (February 20, 2013)
The Academy sent a letter to President Obama and top administration officials urging them to require Academy membership as a qualification for any candidate to the chief actuary position at the Centers for Medicare & Medicaid Services. Read the news release. (February 19, 2013)
ACA Regulation Review Videos: As of Nov. 8, 2013, the RegReview website is no longer available.
(February 19, 2013)
Presenters will provide health actuaries with information on the relationship between Medicare provider payment rates and those for private insurance. This information is important for understanding how any changes in Medicare provider payment rates could affect private plans. Projecting the effects of moving Medicare to a premium support program also requires the consideration of this key issue. Register today! (February 19, 2013)
Read about recent health care reform activities in the latest edition of HealthCheck. (February 13, 2013)
The C1 Work Group provided comments on the NAIC Securities Valuation Office Staff Calibration Project. (February 13, 2013)
The Casualty, Life, Health, and Professionalism councils submitted comments to the NAIC's Joint Qualified Actuary (A/B/C) Subgroup on the subgroup's two new charges related to defining a "qualified actuary" and recommending a process to address "unprofessional" actuarial work. (February 11, 2013)
The Health Solvency Work Group submitted a letter to the NAIC's Health Risk-Based Capital Working Group giving the work group's analysis of possible risks caused by the Affordable Care Act as it relates to health risk-based capital.  (February 8, 2013)
The Pension Committee sent comments to the Internal Revenue Service regarding its recent guidance related to notice requirements under section 101(j) of ERISA for funding-related benefit limitations in single-employer defined benefit pension plans. (February 5, 2013)
Join the Academy and the Casualty Actuarial Society on Feb. 14 for this timely webinar on key considerations related to the risk of material adverse deviation (RMAD) disclosure required of appointed actuaries providing statements of actuarial opinion on property/casualty loss and loss adjustment expense reserves in the United States. Attendees will learn why RMAD disclosure exists and how to establish a materiality standard, evaluate whether there is an RMAD, and document their findings. Register today! (February 1, 2013)
The Academy/SOA's Cancer Claims Cost Tables Work Group submitted a letter to the NAIC's Health Actuarial Task Force that updated the progress of the valuation table and the work it expects to do over the next six months. (February 1, 2013)