The American Academy of Actuaries will host a May 17 Hill briefing on how changes to health insurance premiums stemming from the Affordable Care Act (ACA) could vary considerably. Experts will present basic premium concepts; provisions in the ACA that affect premiums; and, how the provisions in ACA may change premiums. (May 12, 2013)
Changes coming in 2014 to health insurance premiums stemming from the Affordable Care Act (ACA) will reflect several factors and could vary considerably, according to the American Academy of Actuaries’ new issue brief, How Will Premiums Change Under the ACA? Factors affecting premium changes include: effectiveness of the mandate, plan generosity requirements, employer responses, differences from current state rules, and individual risk characteristics. Read the news release. (May 09, 2013)
The Academy's Senior Health Fellow has written an issue brief that provides an overview of the basic concepts underlying premium calculations, and highlights and examines several Affordable Care Act-related provisions that could affect premiums. (May 09, 2013)
Read about recent health care reform activities in the latest edition. (May 08, 2013)
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. (May 03, 2013)
The Casualty Practice Council sent a comment letter to the Bank for International Settlements on its consultative document on mortgage insurance. (May 03, 2013)
The Risk Sharing Work Group submitted comments to HHS on the interim final rule implementing amendments to the Notice of Benefit and Payment Parameters final rule. (April 30, 2013)
The ABCD seeks the benefit of your comments and suggestions regarding its proposed revisions to the ABCD Rules of Procedure. An exposure draft of the proposed revisions can be found on the ABCD website. Deadline to submit your comments to the ABCD is June 30, 2013. (May 02, 2013)
Read about policy initiatives to shore up retirement security in the United States, what it takes to be a successful entrepreneur, a fresh look at actuarial reserving methods, one man’s path to patenting the modeling algorithm he developed, and much more. (May 01, 2013)
ASOP No. 1, Introductory Actuarial Standard of Practice, is a complete revision of the previous Introduction. It includes new, additional content as well as clarification of prior language, and sets the “ground rules” for all ASOPs. Read ASOP No. 1 now and stay tuned for more learning opportunities about its guidance coming in June. (May 01, 2013)
Read about the Academy’s work at the Enrolled Actuaries Meeting, the Health Practice Council’s Capitol Hill visits, and the NAIC’s Spring national meeting, as well as the Academy’s response to a Wall Street Journal op-ed on actuaries and pension funding. (April 30, 2013)
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. (April 26, 2013)
The Rate Review Practice Note Work Group released for comment an addendum to the October 2012 practice note, Actuarial Practices Relating to Preparing, Reviewing, and Commenting on Rate Filings Prepared in Accordance with the Affordable Care Act. Comments on the addendum, which highlights changes to the rate review and disclosure requirements since the initial practice note was finalized, are due by June 3. (April 26, 2013)
The PBR Strategy Subgroup submitted a comment letter to the NAIC Principle-Based Reserves (EX) Task Force on legislative brief outlining the ramifications of the Standard Valuation Law for state legislatures. (April 22, 2013)
The Life Practice Council presented a webinar reviewing the NAIC Spring 2013 National Meeting and progress on the principle-based approach (PBA) to life reserves. The December 23 webinar included updates on the activities of the NAIC’s Life Actuarial Task Force, PBR Implementation (EX) Task Force, Joint Qualified Actuary (A/B/C) Subgroup, and the Emerging Actuarial Issues (E) Working Group. In addition the webinar covered Academy PBR efforts as well as a information on current professionalism issues. (April 23, 2013)
