American Academy of Actuaries Announces Health Care Cost Initiative
WASHINGTON—The American Academy of Actuaries, the public policy and professionalism voice of the U.S. actuarial profession, announces a public policy research partnership with the Health Care Cost Institute (HCCI) to complement the Academy’s intensive examination of health care costs and quality of care in the United States.
The decision to join with HCCI for a three-year partnership is a significant step that will enhance and further inform the years of study by the Academy’s Health Practice Council to examine current factors affecting the cost of health care in the United States.
“The American Academy of Actuaries has been heavily engaged in the past few years in assisting policymakers and regulators in Washington and state governments with navigating the complexities of the Affordable Care Act,” said Academy President Tom Terry. “Two years ago, under my predecessor Cecil Bykerk’s leadership, we looked toward more fundamentally addressing health care costs and quality of care to better focus national debate on them. Until we as a nation take concrete steps to address cost growth, we cannot ensure the sustainability of the health system as a whole.”
In March, the Academy’s Health Practice Council will launch the first in a series of papers aimed at providing policymakers with options for addressing cost growth and improving quality of care.
For more information, visit www.actuary.org.