Navigation Links
Actuaries to Senate: Strengthen Individual Mandate
Date:11/20/2009

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: http://www.actuary.org/pdf/health/letter_on_senate_bill.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


'/>"/>
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:
*Name:
*Comment:
*Email:
(Date:2/5/2016)... ... , ... The event is being held on April 7, 2016 from 5:30 ... Over Parkinson’s will fund nearly $100,000 for research for the care and cure of ... and is the architect of this informative event to raise awareness and funds for ...
(Date:2/5/2016)... ... ... After years as an active staff surgeon and having served as the ... Carman transitioned to chief of the Division of Plastic Surgery at what is now ... and began a second three-year term in January of 2016. , The original selection ...
(Date:2/5/2016)... ... February 05, 2016 , ... Regular gym users know the routine: each ... longer to access the treadmills. It’s a predictable trend. After the excesses of November ... get in shape by joining gyms, starting new walking or running routines, or signing ...
(Date:2/5/2016)... , ... February 05, 2016 , ... Dr. Justin Scott ... their 2nd Annual No Cost Dental Day to individuals in need. The event is ... of this No Cost Dental Day is to provide dental care to community members ...
(Date:2/5/2016)... ... February 05, 2016 , ... Health and wellness is a ... individuals in the event they are experiencing an illness. Migraines are a severe form ... are afflicted with migraines would not wish the pain on their worst enemy, the ...
Breaking Medicine News(10 mins):
(Date:2/4/2016)... Feb. 4, 2016 Global Immunology Market ... to drive long-term market growth Summary ... of chronic disorders that affect 5–7% of western ... of their symptoms and key patient demographics, they ... immune pathways and an inappropriate immune response. Generally, ...
(Date:2/4/2016)... -- Mettler-Toledo International Inc. (NYSE: MTD ) today ... the highlights: , Sales in local currency ... year.  Reported sales decreased 3% as currency reduced sales ... earnings per diluted share as reported (EPS) were $4.44, ... EPS was $4.65, an increase of 10% over the ...
(Date:2/4/2016)... 4, 2016  AMRI (NASDAQ:  AMRI) today announced that ... and President of Pfizer Global Supply, has been elected to ... 2016. In addition, the Company announced that Mr. Gabe ... since 2010, has retired from the AMRI Board of Directors ... other business ventures.  William S. Marth , ...
Breaking Medicine Technology: