Description: User guide for 2021 Health Care Cost Model

Description: In this presentation, Richard D. Lamm, former Governor of Colorado and currently Director of the Center for Public Policy and Contemporary Issues at the University of Denver, talks about the increasing costs of health care and why the miracles of American medicine have simply outpaced our ability to pay. From the Record of the Society of Actuaries Vol. 17, No. 3A.

Description: This panel at the SOA 1997 Palm Desert Spring Meeting discusses how ratings and rating agencies affect health care insurance and related organizations. Advice is offered on maintaining a good relationship with rating services.

Description: 1994 SOA Meeting, San Antonio. The chairperson and members of the SOA LTC Insurance Valuation Methods Task Force discussed the major conclusions and decisions found in the exposure draft of the Society's Task Force for LTC Insurance Valuation Methods.

Description: This paper develops a parametric model for health care insurance claims using currently available software to fit parametric models to the data. Model selection is based on the Chi-squared goodness-of-fit test and a comparison of the empirical limited expected value function to parametric limited expected value functions. From Actuarial Research Clearing House 1993, VOL. 3.

Description: The panel examines the forces underlying health plans and health carriers profit performance. From the Record of the Society of Actuaries, Volume 27, No. 1, Session 39

Description: This article discusses the need for new LTC finance products.

Description: For a long time the primary focus of private LTC insurance companies has been to educate the public about the need for private LTC insurance and to make the product more acceptable to a wider population. To this end there have been numerous changes to the product design to make this product more acceptable to general population. However, one of the things that may have been overlooked in those product design changes is the need for alignment of policyholder and insurance company’s interests, which is to make coverage more affordable and to reduce adverse selection. Incentivizing good behavior from policyholders can not only make LTC insurance policies less expensive but also help policyholders make better health choices, which can help them stay healthy for a longer time. These incentives may also reduce some of the inherent risks in a long term care policy and may help in increasing the sales of private LTC insurance.

Description: 1992 Valuation Actuary Symposium. This session on Long Term Care Insurance provided an update on the Society's Task Force on Valuation Methods for Long-Term Care Insurance, methods and assumptions that are being used for policies, premiums, and reserves on long-term care policies, and the regulatory environment.

Description: This interview article summarizes the work being done by a Health Section Strategic Initiative Committee.