Navigation Links
Actuaries Say Base Health Insurance Oversight on Actuarial Principles
Date:2/24/2010

WASHINGTON, Feb. 24 /PRNewswire-USNewswire/ -- Policy efforts for effective oversight of health insurance premiums must be based on actuarial principles, the American Academy of Actuaries stated today.  The actuaries are urging that any such effort reflect the following principles:

  • Health insurance premiums be adequate to pay projected claims, expenses and supporting risk charges
  • Premium rating oversight be done in conjunction with insurer solvency oversight
  • Premium oversight requires strong actuarial representation

These three criteria will ensure that premium oversight mechanisms incorporate the appropriate processes to evaluate premiums and premium increases, said Cori Uccello, the senior health fellow for the American Academy of Actuaries.  They also will make certain that insurers can pay future claims and that premium increases reflect actuarial science.

"It is imperative that any new premium oversight mechanism include strong actuarial representation," she said.  "Actuaries and actuarial principles have key roles in both the premium rate development process as well as in current regulatory oversight."

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 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

Back to top

RELATED LINKS
http://www.actuary.org

'/>"/>

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

Related medicine news :

1. Actuaries Detail Health Care Reform Concerns to Congressional Leaders
2. Actuaries to Senate: Strengthen Individual Mandate
3. Actuaries: Unemployment May Boost Number of Uninsured
4. Actuaries: Federal Long-Term Care Legislation Falls Short on Coverage Goals
5. Actuaries: Health Care Reform Must Address Costs
6. Actuaries Provide Capitol Hill Briefing to Explore Health Care Reform Components
7. Actuaries Urge Need for Risk Management and Continuity Planning With H1N1 Pandemic
8. Actuaries Weigh in on Ways to Address Risk Exposures and Challenges with the U.S. Health Care System
9. Actuaries: Trustees Reports Warn of Looming Financial Challenges Facing Retirement Programs
10. Actuaries: Addressing Health Spending Growth is Path to Sustainable Health Care System
11. Universal Benefit Plans Teams up with Leggette Actuaries to Offer Free COBRA Services to New Clients
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/29/2016)... ... April 29, 2016 , ... Innovations with Ed Begley ... upcoming episode, airing third quarter 2016 via Discovery Channel. Dates and show times ... Dairy Products, located in Greenwood, Wisconsin applies product research and development and continuous ...
(Date:4/29/2016)... ... April 29, 2016 , ... Natren, Inc. recently sent representatives ... Petbiotics ™, as they fondly call them. As animal lovers, they were ... their non-profit organizations. Animal rescues across the nation face huge hurdles rescuing animals ...
(Date:4/29/2016)... ... 2016 , ... Intellitec Solutions will be a sponsor at ... the Broward County Convention Center. The event is a chance for finance professionals ... public facility management. Intellitec Solutions will highlight their customized accounting solutions designed for ...
(Date:4/29/2016)... (PRWEB) , ... April 29, 2016 , ... In its ... 1Heart Caregiver Services continues its successful franchise development and expansion as it welcomes Ferdie ... extensive managerial and administrative experience in his 32 years of working in various industries. ...
(Date:4/28/2016)... ... April 28, 2016 , ... Sanford Health’s work ... A group of researchers and leaders from Sanford Health were selected to participate ... Its Cultural Impact ” and receive the 2016 Pontifical Key Innovation Award at ...
Breaking Medicine News(10 mins):
(Date:4/27/2016)... April 27, 2016 Oasmia ... developer of a new generation of drugs within ... survival results for Paclical/Apealea in the Phase III ... with epithelial ovarian cancer. These preliminary results showed ... combination with carboplatin versus Taxol in combination with ...
(Date:4/27/2016)... 2016 At the Sachs CEO ... a Phase 2 clinical study of its lead drug ... cochlear implantation (CI) surgery. This large, placebo-controlled, double-blind, phase ... Germany and France . ... the time of surgery. "Despite advances in cochlear implant ...
(Date:4/26/2016)... 26, 2016 US demand for infection ... 4.9 percent annually to $27.6 billion in 2020.  ... to decrease rates of healthcare-associated infections (HAIs) will ... and services.  Although declining, the overall rate of ... levels set by the CDC.  Recent statistics indicate ...
Breaking Medicine Technology: