Navigation Links
Actuaries to Senate: Strengthen Individual Mandate

WASHINGTON, Nov. 20 /PRNewswire-USNewswire/ -- The American Academy of Actuaries is urging senators to modify health care reform legislation released this week to contain stronger language regarding a health insurance individual coverage mandate. The actuaries said that an effective and enforceable mandate will minimize adverse selection stemming from more restrictive issue and rating rules prescribed by the bill.

"The individual mandate language should be strengthened," said Cori Uccello, the senior health fellow for the American Academy of Actuaries. "The viability of health care reform depends on attracting lower-risk individuals, and strengthening the individual mandate through higher financial penalties increases the likelihood that these individuals will purchase coverage."

Uccello said that if lower-risk individuals forgo coverage, premiums overall are likely to increase on average, relative to current premiums. Other incentives such as limited open enrollment periods, penalties for delayed enrollment and automatic enrollment could also strengthen a mandate's effectiveness. She said the Senate bill does contain some of these elements, but that overall, higher financial penalties are required.

The actuaries addressed comments regarding the proposed legislation to Sens. Harry Reid and Mitch McConnell today, requesting stronger mandate language and to consider the legislation according to actuaries' keys for viable reform. The American Academy of Actuaries Health Practice Council said it shares the senators' goals of reducing the numbers of uninsured, increasing the availability of affordable coverage, controlling health spending growth, and improving the quality of care. The letter is available at:

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:

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

SOURCE American Academy of Actuaries

SOURCE American Academy of Actuaries
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Actuaries: Unemployment May Boost Number of Uninsured
2. Actuaries: Federal Long-Term Care Legislation Falls Short on Coverage Goals
3. Actuaries: Health Care Reform Must Address Costs
4. Actuaries Provide Capitol Hill Briefing to Explore Health Care Reform Components
5. Actuaries Urge Need for Risk Management and Continuity Planning With H1N1 Pandemic
6. Actuaries Weigh in on Ways to Address Risk Exposures and Challenges with the U.S. Health Care System
7. Actuaries: Trustees Reports Warn of Looming Financial Challenges Facing Retirement Programs
8. Actuaries: Addressing Health Spending Growth is Path to Sustainable Health Care System
9. Universal Benefit Plans Teams up with Leggette Actuaries to Offer Free COBRA Services to New Clients
10. Actuaries: Priority on Health Reform and Retirement Security Signals Tough Choices Ahead
11. Actuaries Laud New Presidents Medicare and Social Security Message, Call for Bipartisan Solution
Post Your Comments:
(Date:10/13/2017)... ... October 13, 2017 , ... Dickinson ... offers insurance and financial preparation services, is providing an update on a charitable ... , Rock City Rescue is a locally recognized nonprofit that provides shelter and ...
(Date:10/13/2017)... Nevada (PRWEB) , ... October 13, 2017 , ... ... Hemp CBD Oil utilizing Purzorb™ technology. Applying the Purzorb™process to full spectrum CBD oil ... required and providing a CBD form that can be easily incorporated into liquid products, ...
(Date:10/13/2017)... ... , ... The Visiting Nurse Association (VNA) of Somerset Hills is proud to ... unique items from across the nation, this holiday-themed event will raise funds and awareness ... VNA. The boutique will be open Saturday, November 4 (10:00 a.m. – 5:00 ...
(Date:10/13/2017)... ... October 13, 2017 , ... ... Agile Software Development, has been awarded a contract by the Center for Medicare ... (BPA) aims to accelerate the enterprise use of Agile methodologies in a consistent ...
(Date:10/12/2017)... Orleans, LA (PRWEB) , ... October 12, 2017 , ... ... centers in the U.S., announced today its plans to open a flagship location in ... will occupy the former Rooms To Go store next to Office Depot in the ...
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:9/28/2017)... CHICAGO , Sept. 28, 2017 Hill-Rom ... quarter 2017 earnings conference call and webcast on Friday, ... 8:00 a.m. (EDT) and ending at approximately 8:30 a.m. ... to discussing the company,s 2017 financial performance and guidance ... growth opportunities, initiatives to enhance operational performance, and long-range ...
(Date:9/25/2017)... PROVIDENCE, R.I. , Sept. 25, 2017 /PRNewswire/ ... immunogenicity assessment, vaccine design, and immune-engineering today announced ... focused on the development of personalized therapeutic cancer ... and has provided exclusive access to enabling technologies ... MSc Eng., MBA will lead EpiVax Oncology as ...
Breaking Medicine Technology: