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 15, 2019)

The March HealthCheck covers the Health Practice Council’s annual visits to Capitol Hill to meet with federal lawmakers and policymakers about health issues including two recent HPC publications on expanding access to public insurance plans, and Medicare and long-term care insurance. Topics including telehealth, Medicare Part D, and surprise billing also were discussed in many of the meetings. Also covered in this issue: Centers for Medicare & Medicaid Services’ regulatory and budgetary actions, and state and federal legislative, judicial, and regulatory activity. (March 13, 2019)

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 08, 2019)

Academy Pension Vice President Josh Shapiro testified March 7 before the House Subcommittee on Health, Employment, Labor, and Pensions, providing written and oral testimony with a nonpartisan, objective, actuarial focus on the increasing financial risks facing some multiemployer plans and the PBGC’s multiemployer program. (March 07, 2019)

The Retirement Report winter issue includes a Q&A deep-dive into the Pension Practice Council’s (PPC) new practice note, Forecasting Investment Returns and Expected Return Assumptions for Pension Actuaries; the Pension Committee’s new lump sum practice note; PPC comments to the Bipartisan Policy Center; a preview of April’s Enrolled Actuaries Meeting; and recent legislative and regulatory activity. (March 05, 2019)

Proposals to expand access to public health insurance plans are being put forward as a way to supplement efforts to strengthen insurance markets under the Affordable Care Act (ACA) or to replace the ACA marketplaces and/or other health insurance programs altogether. Goals of these proposals vary and include increasing access to affordable coverage, exerting downward pressure on provider prices, increasing plan availability, and reducing the number of uninsured. This issue paper from the American Academy of Actuaries Health Practice Council briefly outlines four approaches aiming to achieve such goals and highlights the key design elements that would need to be specified for an approach to be fully evaluated and implemented. Read the news release. (March 04, 2019)

In the March/April issue of Contingencies, the cover story, “Fighting Fake News,” explores cognitive biases—what they are, how to recognize them, and how to avoid falling prey to their clarion call. This feature aims to provide some clear-headed tools that today’s reader can deploy to distinguish fact from fiction—and lays out how actuaries are in a unique position to help. Other features include “A Clear Target”—how the world might look in a new era of “targeted improvements” under generally accepted accounting principles (GAAP), and “Hitting the Wall,” which posits that the near future for the investing world is one of lower returns. Plus, a President’s Message from new Academy President Shawna Ackerman on doing well by doing good, and what the Code of Professional Conduct has to say about conflict of interest. (March 01, 2019)

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 01, 2019)

In the February Actuarial Update, the Academy announced that members may begin nominating their colleagues to become Academy regular directors. Nominations are due May 1. Also in this issue, past President Tom Wildsmith was elected to the Academy Board to deepen our international focus; President Shawna Ackerman offered a message on the Academy’s public policy efforts in conjunction with the State of the Union address; a professionalism webinar set for March 21 will address professional judgment; and the “Professionalism Counts” column looks at the fourth exposure draft of a proposed Modeling actuarial standard of practice. (February 28, 2019)

The Medicaid and Long-Term Care Insurance Work Group of the American Academy of Actuaries has released a new issue brief, Medicaid and Long-Term Care Insurance. This issue brief explores the potential financial risks faced by older Americans who may incur catastrophic long-term care (LTC) costs. In addition, it provides an actuarial perspective on the issues related to funding both informal and formal LTC services and supports, with a particular focus on the complementary roles of Medicaid and private long-term care insurance (LTCI) within existing LTC financing systems. (February 28, 2019)

It’s time to share your recommendations for Academy regular directors, who are elected to the Academy Board of Directors by Academy membership in an online election from a slate of candidates presented by the Academy’s Nominating Committee. The committee will meet in the coming weeks to identify new candidates for regular directors in accordance with the criteria provided in the Nominating Committee Guidelines. Read more.  (February 28, 2019)

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. (February 22, 2019)

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. (February 15, 2019)

Mary D. Miller, on behalf of the American Academy of Actuaries, submitted a comment letter pertaining to the Executive (EX) Committee's Ad Hoc commissioner group’s proposed changes of the Property and Casualty 2019 Actuarial Opinion Instructions, including the Ad Hoc Group's draft qualified actuary definition. (February 15, 2019)

Mary D. Miller, on behalf of the American Academy of Actuaries, submitted a comment letter to the Casualty Actuarial and Statistical (C) Task Force (CASTF) to the CASTF 's draft qualification and related documentation requirements and copy of a letter to the Executive (EX) Committee's Ad Hoc commissioner group’s proposed changes of the Property and Casualty 2019 Actuarial Opinion Instructions, including the Ad Hoc Group's draft qualified actuary definition. (February 15, 2019)