The American Academy of Actuaries commends the administration for taking the positive step of paying the July cost-sharing reduction (CSR) reimbursements. However, the stability and sustainability of the market requires policymakers to fund CSRs on a permanent basis. Read the news release. (July 20, 2017)

The Medicare Subcommittee published an issue brief, Medicare’s Financial Condition: Beyond Actuarial Balance, on significant concerns about Medicare’s long-term financial health. (July 19, 2017)

The Academy has received a memorandum from the NAIC recounting the findings of their consultant on its study of actuarial credentials and qualifications.   The Academy welcomes the opportunity to continue to support and work with the NAIC to try to address its needs and concerns, as we have throughout our long history of establishing Qualification Standards for Public Statements of Actuarial Opinion. We understand that the NAIC is going to have a presentation on the study at the Casualty Actuarial and Statistical (C) Task Force at its summer meeting next month in Philadelphia. Read More. (July 19, 2017)

The Accelerated Underwriting Project Oversight Group (reporting to the Academy's Life Experience Committee and SoA's Preferred Mortality Oversight Group) submitted comments to NAIC's Life Actuarial Task Force (LATF) discussing future experience study data elements. (July 14, 2017)

The Health Practice Council released a new policy paper highlighting several frequently asked questions (FAQ) on risk pooling and explaining how it works in the individual health insurance market. The FAQ also explores the differences between a single risk pool and separate risk pools.  (July 14, 2017)

The Committee on Property and Liability Financial Reporting (COPLFR) submitted comments to the NAIC's Title Insurance Financial Reporting Working Group that raised questions about proposed changes to the way reserves are reported in the title statement of actuarial opinion. (July 14, 2017)

The Financial Regulatory Task Force submitted comments to the U.S. House Financial Services Committee on H.R. 3110, Financial Stability Oversight Council Insurance Member Continuity Act. (July 14, 2017)

The North American Actuarial Council released its 2015-2016 annual report, outlining its work and highlighting its accomplishments for the year. (July 14, 2017)

Senior Life Fellow Nancy Bennett and Tom Campbell, chairperson of the Life Valuation Committee’s AG 43/C3 Phase II Work Group, presented to the Federal Reserve Board Insurance Industry Work Group on regulatory capital requirements for life insurers. (July 11, 2017)

The VM-31 Subgroup submitted comments to the NAIC's Life Actuarial Task Force (LATF) on an amendment to eliminate the summary of methods and assumptions that covers multiple product groups in the executive summary. (July 10, 2017)

The Pension Practice Council (PPC) published an issue brief that explores various methods to measure the financial health of pension plans. (July 13, 2017)

The July HealthCheck covers the Individual and Small Group Markets Committee’s issue brief on factors driving 2018 premium changes; Academy health committees’ comments to U.S. Senate leadership on health care legislation under consideration; and legislative, judicial, and regulatory updates from the states and the federal government. (July 12, 2017)

A new issue brief produced by the Individual and Small Group Markets Committee, Drivers of 2018 Health Insurance Premium Changes, provides an overview of the general factors underlying premium rate setting and highlights the major components driving premium changes for 2018. Read the news release. (July 11, 2017)

The Health Financial Reporting and Solvency Committee sent comments to the NAIC's Statutory Accounting Principles Working Group in a Form A Maintenance Maintenance Agenda Submission Form.  (July 07, 2017)