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:6/25/2016)... ... June 25, 2016 , ... The temporary closing of Bruton Memorial Library on June 21 due ... up a new, often overlooked aspect of head lice: the parasite’s ability to live away ... a common occurrence, but a necessary one in the event that lice have simply gotten ...
(Date:6/25/2016)... , ... June 25, 2016 , ... First Choice ... States, named Dr. Sesan Ogunleye, as the Medical Director of its new Mesquite-Samuell Farm ... Medical Director of our new Mesquite location,” said Dr. James M. Muzzarelli, Executive Medical ...
(Date:6/25/2016)... , ... June 25, 2016 , ... ... and non-athletes recover from injury. Recently, he has implemented orthobiologic procedures as a ... area —Johnson is one of the first doctors to perform the treatment. Orthobiologics ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the benefits of moderation, whether ... latter, setting the bar too high can result in disappointment, perhaps even self-loathing. However, ... their goal. , Research from PsychTests.com reveals that behind the tendency ...
(Date:6/24/2016)... Michigan (PRWEB) , ... June 24, 2016 , ... Those ... deal with these feelings, many turn to unhealthy avenues, such as drug or alcohol ... of Marne, Michigan, has released tools for healthy coping following a traumatic event. , ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... -- Story Highlights: , ... health care industry is causing providers to review operating ... offers a suite of solutions for health care providers ... optimization: labor resource analysis, revenue cycle optimization and physician ... and better economics ...
(Date:6/24/2016)... 2016   Bay Area Lyme Foundation , ... Center for Tick Borne Illness , Harvard Medical ... Hacking Medicine, University of California, Berkeley, and the ... five finalists of Lyme Innovation , the ... 100 scientists, clinicians, researchers, entrepreneurs, and investors from ...
(Date:6/24/2016)... June 24, 2016 Dehaier Medical Systems Ltd. ... which develops, markets and sells medical devices and wearable ... signed a strategic cooperation agreement with Hongyuan Supply Chain ... Chain") on June 20, 2016, to develop Dehaier,s new ... cooperation agreement, Dehaier will leverage Hongyuan Supply Chain,s sales ...
Breaking Medicine Technology: