Navigation Links
Actuaries: Addressing Health Spending Growth is Path to Sustainable Health Care System
Date:5/11/2009

WASHINGTON, May 11 /PRNewswire-USNewswire/ -- The American Academy of Actuaries is encouraged by commitments from the Obama administration and health care stakeholder groups to tackle health spending growth and pursue options to create a more stable and sustainable health care system.

"Increasing health care spending threatens the sustainability of the U.S. health care system and has the potential to divert both public and private funds from other priorities," said Cori Uccello, the senior health fellow for the American Academy of Actuaries. "Furthermore, unless health care spending is controlled, health reforms to reduce the number of uninsured will not achieve its promise. An actuarial approach can help determine if such reform efforts adequately address health spending growth and lead to real cost reductions."

She said that the Centers for Medicare and Medicaid Services projects the growth of national health expenditures to average 6.2 percent annually through the next decade, far exceeding both inflation and overall economic growth. If health spending continues to grow at this pace, health insurance premiums will continue to increase as well. Thus efforts to rein in health insurance premiums will be negated if unchecked rising health spending drives premiums to their original levels within a few years and even higher thereafter.

Uccello also said that mounting evidence suggests that health care dollars are not providing enough value and that vast fluctuations in spending are not yielding corresponding variations in health care outcomes. Therefore policymakers should address spending growth within the context of quality and value reforms. For more information or to schedule an interview with Cori Uccello, please contact Andrew Simonelli, assistant director of communications for the American Academy of Actuaries, at 202.785.7872. For more information on the Academy, please visit: www.actuary.org.

The American Academy of Actuaries is a 16,000-member professional association whose mission is to serve the public on behalf of the U.S. actuarial profession. The Academy assists public policymakers on all levels by providing leadership, objective expertise, and actuarial advice on risk and financial security issues. The Academy also sets qualification, practice, and professionalism standards for actuaries in the United States.


'/>"/>
SOURCE American Academy of Actuaries
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Actuaries: Priority on Health Reform and Retirement Security Signals Tough Choices Ahead
2. Vietnam Veterans of America Calls for Openness and Transparency in Addressing Contaminated Medical Equipment at VAMCs
3. Chicagos Top Minds Join National Business and Health Leaders in Addressing Medical Innovation, Highlighting Policies Needed to Maintain U.S. Competitiveness in Medical Science and Discovery
4. April is National Autism Awareness Month: LoJack Hosts Educational Podcast Featuring Panel of Experts Addressing Autism Issues
5. Edifecs Launches First of a Series of Edifecs5010(TM) Migration Educational Webinars Addressing 5010 Migration Challenges, Opportunities and Solutions
6. Healthcare CEO Summit Addressing Strategic Implications of Economic Stimulus Package to be Hosted by InfoLogix
7. HEROES Grants, Education Guide Support Youth Leaders Addressing Childhood Obesity Epidemic
8. Top Latin American Television Companies Commit to Addressing AIDS
9. McCormick Foundation Invests $5 Million in Chicago Initiatives Addressing Civic Health and Education
10. The Balm In Gilead Joins Saddleback Church in Thanking President Bush for His Leadership on Addressing HIV and AIDS Around the World
11. VOICES Report Tracks State Progress and Trends in Addressing Childrens Critical Needs
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... June 25, 2016 , ... ... non-athletes recover from injury. Recently, he has implemented orthobiologic procedures as a method ... —Johnson is one of the first doctors to perform the treatment. Orthobiologics are ...
(Date:6/24/2016)... ... 2016 , ... Those who have experienced traumatic events may suffer from a ... such as drug or alcohol abuse, as a coping mechanism. To avoid this pain ... following a traumatic event. , Trauma sufferers tend to feel a range of emotions, ...
(Date:6/24/2016)... ... June 24, 2016 , ... Global law firm Greenberg Traurig, P.A. announced that ... chosen by their peers for this recognition are considered among the top 2 percent ... special honors as members of this year’s Legal Elite Hall of Fame: Miami ...
(Date:6/24/2016)... ... June 24, 2016 , ... People across the U.S. are sharpening their pencils ... an essay contest in which patients and their families pay tribute to a genetic ... 2016 National Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) this September. ...
(Date:6/24/2016)... Maryland (PRWEB) , ... June 24, 2016 , ... ... Angels is actively feeding the Frederick area economy by obtaining investment capital for ... over the past 2½ years that have already resulted in more than a ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... -- One of Australia,s successful biotechnology scientists, ... new biotechnology company, Noxopharm Limited [ABN 50 608 966 123] ("Noxopharm"). ... list on the ASX. Noxopharm is a clinic-ready company ... Phase 1 clinical study later this year. ... biggest problems facing cancer patients - the ability of cancers to ...
(Date:6/26/2016)... June 27, 2016 Jazz Pharmaceuticals plc (Nasdaq: ... under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as ... Celator Pharmaceuticals, Inc. ("Celator"; Nasdaq: CPXX ) ... Daylight Time). As previously announced on May ... definitive merger agreement under which Jazz Pharmaceuticals has commenced ...
(Date:6/26/2016)... , June 27, 2016  VMS Rehab Systems, Inc. ... will take whatever measures required to build a strong ... which is currently listed on the OTC Markets-pink current ... Chairman and CEO, "We are seeing an anomaly in ... understand, not only by the Company, but shareholders and ...
Breaking Medicine Technology: