Navigation Links
Actuaries: Health Care Reform Must Address Costs
Date:7/17/2009

WASHINGTON, July 17 /PRNewswire-USNewswire/ -- The American Academy of Actuaries is calling on all health care reform stakeholders to revisit cost issues considering recent reports that have questioned the sustainability of new legislation.

"Especially given the Congressional Budget Office's (CBO) most recent estimates, all stakeholders must engage in a new dialogue to establish mutual understanding as to what will lead to real and quantifiable health cost savings," said Al Bingham, Jr., the American Academy of Actuaries vice president for health issues.

Bingham said the actuaries believe that a new dialogue, and subsequent legislation, must strive for a cost-savings program that is achievable, credible and "score-able."

"Unless health care spending is controlled, health reforms to reduce the number of uninsured will not achieve their goals," Bingham said. "If health spending continues to grow at the projected pace, health insurance premiums will continue to increase as well. Thus efforts to rein in health insurance premiums will be negated if rising health spending drives premiums to their original levels within a few years and even higher thereafter."

In addition to reemphasizing the need to create a sustainable health care system by addressing spending growth through the ongoing reform process, the American Academy of Actuaries has advised policymakers that in order for insurance markets to be viable, they must attract a broad cross section of risks and that market competition requires a level playing field. These concepts are expanded upon in written testimony filed with the U.S. House of Representatives Committee on Ways and Means, available at: http://actuary.org/pdf/health/health_systems_june09.pdf.

For more information or to schedule an interview with Al Bingham, Jr., 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: Trustees Reports Warn of Looming Financial Challenges Facing Retirement Programs
2. Actuaries: Addressing Health Spending Growth is Path to Sustainable Health Care System
3. Actuaries: Priority on Health Reform and Retirement Security Signals Tough Choices Ahead
4. Covanta Mendota Recognized for Its Exemplary Health and Safety Practices
5. MEDRAD Recognized by the Premier Healthcare Alliance for Commitment to Healthcare Quality Improvement and Innovation
6. Pelosi House Leaders, Committee Chairs Remarks at Press Conference on Americas Affordable Health Choices Act
7. PJTV Invites Citizens to Engage in Virtual Health Care Forum on July 22
8. SXC Health Solutions announces contract with largest workers compensation organization in the U.S.
9. Top Obama administration officials to hold rural health community forum
10. Compirion Healthcare Sponsors Webinar on 7 Mistakes That Lower Patient Satisfaction Scores
11. American Health Assistance Foundation & Asbury Methodist Village to Host Special Community Screenings and Discussion of HBO Series The Alzheimers Project
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... ... Yisrayl Hawkins, Pastor and Overseer at The House of Yahweh, has released a ... books in the Holy Scriptures, Revelation. The Book of Revelation paints a picture of ... have tossed it off as mere rubbish, but Yisrayl Hawkins says that is because ...
(Date:10/13/2017)... ... 2017 , ... “America On The Brink”: the Christian history of the United ... the creation of published author, William Nowers. Captain Nowers and his wife, Millie, ... spent thirty years in the Navy. Following his career as a naval aviator ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... the demand of today’s consumer and regulatory authorities worldwide. From Children’s to Adults ... tested to meet the highest standard. , These products are also: Gluten ...
(Date:10/12/2017)... ... October 12, 2017 , ... Information about the ... to develop to enable prevention of a major side effect of chemotherapy in ... in pediatric patients. For cisplatin, hearing loss is FDA listed on-label as a ...
(Date:10/12/2017)... FL (PRWEB) , ... October 12, 2017 , ... On ... holding a treadmill relay – Miles by Moonlight to raise money for the American ... $300 or more. , Teams will work together to keep their treadmills moving ...
Breaking Medicine News(10 mins):
(Date:10/11/2017)... , Oct. 11, 2017  True Health, ... has amplified its effort during National Breast Cancer ... hereditary cancer risks. ... Clinical Oncology calculated that more than 10 million ... inherited mutations in BRCA1 or BRCA2 and have not ...
(Date:10/5/2017)... 2017  In response to the nationwide opioid ... Surgeons (AAOMS) released prescribing recommendations that urge ibuprofen ... as a first-line therapy to manage a patient,s ... Recognizing the value and importance of ... Prescribing: Acute and Postoperative Pain Management" stresses that ...
(Date:10/2/2017)... Oct. 2, 2017  Eli Lilly and Company (NYSE: ... for the third quarter of 2017 on Tuesday, October ... on that day with the investment community and media ... The conference call will begin at 9 a.m. Eastern ... a live webcast of the conference call through a ...
Breaking Medicine Technology: