Archive of PPACA

Health care costs Thumbnail

Health care costs

by Jim Toole, managing director, life & health, FTI Consulting According to the Office of the Actuary, U.S. health spending grew more slowly in 2009 and 2010 than at any time since Medicare was signed into law.  Driven by the recession, Americans delayed hospital care, avoided emergency room visits, and changed the way they purchased prescription drugs, reducing the growth in health spending close to the rate of the economy overall. Despite this, health insurance premiums grew faster than insurance spending, and the overall margins that insurers enjoyed increased.  Some insurers were charging higher rates to address the uncertainty posed by the PPACA, but in general the costs associated with the changes in law have yet to materialize. Health benefit plan costs rose at rates higher than the rate of spending, squeezing margins and reducing the competitiveness of U.S. businesses internationally.  Businesses responded by pushing more costs to employees, reducing overall benefits and switching to higher deductible plans with lower premiums.  (more…)

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23Nov2011
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SOA Blog
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Healthcare
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Healthcare reform goes to the high court Thumbnail

Healthcare reform goes to the high court

Last week, the U.S. Supreme Court announced that it would weigh the legality of President Barack Obama’s healthcare reform bill, the Patient Protection and Affordable Care Act (PPACA), in the first few months of 2012. Below you will find a summary of the issues at hand and thoughts on what needs to be discussed before the Supreme Court weighs in. The bottom line is that the Supreme Court has agreed to hear oral arguments to decide the constitutionality of the healthcare law’s requirement for individuals to buy insurance. Conclusions by the high court will likely come down in late June -- right before the Republican and Democratic conventions and smack dab in the middle of the 2012 presidential season. (more…)

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The role of the actuary in healthcare reform Thumbnail

The role of the actuary in healthcare reform

SOA President Brad Smith talks about the role of the actuary in healthcare reform.

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Health reform and the individual mandate Thumbnail

Health reform and the individual mandate

Tom Snook shares an actuarial point of view on the individual mandate provision in the healthcare reform law.

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30Aug2011
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SOA Blog
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Healthcare
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Is California leading states in health care reform? Thumbnail

Is California leading states in health care reform?

David Axene provides his perspective on health reform in California.

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