Navigation Links
Actuaries Detail Health Care Reform Concerns to Congressional Leaders
Date:1/14/2010

WASHINGTON, Jan. 14 /PRNewswire-USNewswire/ -- The American Academy of Actuaries has detailed concerns for congressional leaders to consider as they negotiate combining the House and Senate versions of health care reform legislation. The actuaries underscored the need to limit adverse selection, whether it is stemming from new issue and rating restrictions or inherent with the current design of a new federal long-term care insurance program better known as the CLASS Act.

"Adverse selection occurs when higher-risk individuals are more likely to purchase coverage while lower-risk individuals are more likely to forgo coverage," said Cori Uccello, the senior health fellow for the American Academy of Actuaries. "The result is that premiums increase."

The actuaries said that an effective and enforceable individual mandate will minimize adverse selection resulting from more restrictive issue and rating rules that are included in both versions of health care reform legislation.

"The individual mandate language should be strengthened," Uccello said. "The viability of health care reform depends on attracting lower-risk individuals. Strengthening the mandate through higher financial penalties and non-financial incentives would increase the likelihood that these individuals will purchase coverage."

Regarding the CLASS Act, the actuaries continued to express their concerns regarding adverse selection issues that are likely to lead to high premiums and could threaten the viability of the program. The actuaries recommended adding eligibility restrictions to the program to limit adverse selection.

The actuaries also addressed other significant areas of the bills including an excise tax on employer-sponsored coverage, grandfathering provisions and medical loss ratios.  The letter is available at: http://www.actuary.org/pdf/health/differences_jan10.pdf.

For more information or to schedule an interview with Cori Uccello, contact Andrew Simonelli, assistant director of communications for the American Academy of Actuaries, at 202.785.7872. For more information on the American Academy of Actuaries, 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.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

Cori E. Uccello

https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=34071

SOURCE American Academy of Actuaries

RELATED LINKS
http://www.actuary.org

'/>"/>

SOURCE American Academy of Actuaries
Copyright©2010 PR Newswire.
All rights reserved

Related medicine news :

1. Actuaries to Senate: Strengthen Individual Mandate
2. Actuaries: Unemployment May Boost Number of Uninsured
3. Actuaries: Federal Long-Term Care Legislation Falls Short on Coverage Goals
4. Actuaries: Health Care Reform Must Address Costs
5. Actuaries Provide Capitol Hill Briefing to Explore Health Care Reform Components
6. Actuaries Urge Need for Risk Management and Continuity Planning With H1N1 Pandemic
7. Actuaries Weigh in on Ways to Address Risk Exposures and Challenges with the U.S. Health Care System
8. Actuaries: Trustees Reports Warn of Looming Financial Challenges Facing Retirement Programs
9. Actuaries: Addressing Health Spending Growth is Path to Sustainable Health Care System
10. Universal Benefit Plans Teams up with Leggette Actuaries to Offer Free COBRA Services to New Clients
11. Actuaries: Priority on Health Reform and Retirement Security Signals Tough Choices Ahead
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/12/2017)... ... ... The American College of Medical Informatics (ACMI) will present the 2017 Morris F. ... AMIA’s Annual Symposium in Washington, D.C. AMIA’s Annual Symposium is taking place ... the field of medical informatics, this prestigious award is presented to an individual whose ...
(Date:10/12/2017)... ... October 12, 2017 , ... Information ... we intend to develop to enable prevention of a major side effect of ... loss, especially in pediatric patients. For cisplatin, hearing loss is FDA listed on-label ...
(Date:10/12/2017)... ... October 12, 2017 , ... HMP , a leader in healthcare ... Folio Magazine Eddie Digital Award for ‘Best B-to-B Healthcare Website.’ Winners were announced during ... , The annual award competition recognizes editorial and design excellence across a range of ...
(Date:10/12/2017)... Chapel, FL (PRWEB) , ... October 12, 2017 , ... ... is holding a treadmill relay – Miles by Moonlight to raise money for the ... donating $300 or more. , Teams will work together to keep their treadmills ...
(Date:10/12/2017)... ... ... Health Literacy Innovations (HLI), creator of the Health Literacy ... Patient Education Network (CPEN), an independent professional organization that shares best practices in ... , As CPEN’s strategic partner, HLI will help support CPEN members by sharing ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... Mich. , Oct. 2, 2017 Diplomat ... 8th Day Software and Consulting, LLC , and ... 8th Day Software, based in Tennessee ... LLC. 8th Day expands EnvoyHealth,s service offerings for health ... development. "In an ...
(Date:10/2/2017)... Oct. 2, 2017 Halo Labs announces the European launch ... called the HORIZON at MIBio 2017 in Cambridge, U.K ... visible particulate matter in biopharmaceutical samples with unprecedented speed and sensitivity ... novel technique Backgrounded Membrane Imaging. ... The HORIZON subvisible particle analysis system ...
(Date:9/28/2017)... 2017 Cohen Veterans Bioscience and Early Signal ... wearable and home sensors for real-time monitoring of patients ... a nonprofit organization focused on disruptive health solutions for ... analytical system to record and integrate behavioral, cognitive, physiological ... ...
Breaking Medicine Technology: