This Week: Lawsuit Against Academy Dismissed; HPC Comments Ahead of Supreme Court Decision; RMFRC Volunteers Go to Capitol Hill
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.
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February Actuarial Update Now Available
In this month’s Actuarial Update, read about February activities and upcoming events of interest, including the Health Practice Council’s newsworthy letter to the Department of Health and Human Services about likely consequences if ACA subsidies are eliminated, and a new Academy webinar series on global drivers of health care costs.
On Feb. 24, 2015, Judge Peter Flynn of the Circuit Court of Cook County, Illinois, dismissed without prejudice all claims against the Academy, including any claims for injunctive or declaratory relief, that were filed in December by the former president of the Society of Actuaries. We are pleased with this outcome. The court has strongly affirmed that the U.S. actuarial profession may require members to have disciplinary complaints heard by the ABCD and not by the courts.
Health Practice Council Comments on Premium Rate Filing Implications of King v. Burwell
In a Feb. 24 letter to Secretary Burwell, the Health Practice Council urged HHS to consider implementing measures to counter the potential adverse consequences on health insurance premium rate filings in the event the Supreme Court rules for the petitioners in King v. Burwell.
Life Groups Submit Letter to NAIC on XXX/AXXX Reinsurance Proposal
The PBR Strategy Subgroup and Life Reinsurance Work Group sent a comment letter to the NAIC PBR Implementation (EX) Task Force regarding the XXX/AXXX reinsurance supplemental proposal.