Archive of ACA

06Mar2012
Latest national healthcare expenditures Thumbnail

Latest national healthcare expenditures

by Ian Duncan, University of California - Santa Barbara The recent release of National Healthcare Expenditure data for 2010 shows a very slight uptick.  What is more interesting, though, is the lo

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21Dec2011
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SOA Blog
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Healthcare
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Will the demise of CLASS be a net positive or negative for the private LTCI market? Thumbnail

Will the demise of CLASS be a net positive or negative for the private LTCI market?

by Malcolm Cheung, vice president, Prudential Financial The decision by HHS to not proceed with implementation of CLASS is not a big surprise from my perspective.  As defined in the ACA legislation, CLASS clearly had design features that would have invited significant adverse selection that would have jeopardized its long term actuarial viability.  Although changes to the program could have increased its chances of success, it appears that HHS has concluded that they either did not have the authority to make those changes without new legislation, or that they did not want to risk the political ramifications (especially in an election year) of arguing that they did have that authority.  From the perspective of the private LTC insurance industry, what is encouraging in the letter that Secretary Sebelius has sent to both houses of Congress is her recognition that insurance coverage for potential LTC expenses is critical to reducing the strain that these expenses will ultimately have on state and federal Medicaid budgets, as well as important in helping Americans preserve their options when they need this care. (more…)

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2014: “Big bang” for health product pricing Thumbnail

2014: “Big bang” for health product pricing

SOA board member Alice Rosenblatt discusses the Department of Health and Human Services proposed rules on Standards Related to Reinsurance, Risk Corridors and Risk Adjustment.

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