Description: 1332 State Innovation Waivers have been in place for a number of years and allow states to implement programs that increase access and affordability of health care coverage. While nearly all waiver programs in effect in 2021 employ a reinsurance program, a number of states have been exploring other ways to structure a waiver program, including an introduction of a public plan option in ACA individual market. A public option plan aims to further increase access to coverage and affordability by offering a new qualified health plan, typically with a lower premium relative to existing plans. Wakely looked at states where a new issuer entered a market as a low cost plan, to better understand plan enrollment migration (how many members switch to the low cost carrier), competitors’ reactions, and the reduction in premium needed to incentivize members to take up coverage. This market dynamic closely mimics the effect of a public option plan that offers lower premiums. The analysis showed mixed effects of a low cost plan introduction in ACA markets, with minimal impact on the uninsured, but with improved affordability, particularly for the unsubsidized. Find out more about detailed observations from this analysis. After the session, you will be able to: •Understand the implications lower cost/public option plans have on market enrollment (subsidized and unsubsidized), number of uninsured, plan metal mix changes, premiums (gross and net of subsidies), and issuers’ profitability in the individual market. •Discuss considerations around introducing new lost cost plans, whether in the form of new commercial carriers or a public option plan, to an area.

Description: In this article, John summarizes the conversations he has had during his first year of podcasts

Description: This session 103PD of the Toronto Spring Meeting presents the results of three surveys recently completed by members of the Society of Actuaries Mortality and Underwriting Survey Committee. The surveys explore mortality improvement, older age underwriting techniques and how decisions on lab testing are made. From the Record of the Society of Actuaries, Volume 27, No. 2, Session 103PD

Description: December 2015 issue of The Financial Reporter

Description: The Society of Actuaries Product Development Section, the Modeling Section, the Reinsurance Section and the Financial Reporting Section announce the release of a new research report that introduces a novel framework for leveraging the "architecture" of an industry mortality table within a company's predictive analytics-based insured mortality analysis.

Description: The SOA’s Committee on Life Insurance Company Expenses (CLICE) has submitted its recommendation for the 2018 Generally Recognized Expense Table (GRET) for use with individual life insurance sales illustrations.

Description: View the Effectiveness of Health and Wellness Programs Report

Description: An article that talks about the individual disability income IDI Market and how it is reaching out to Physicians. Issue No. 59

Description: This presentation is about the general considerations in planning compensation, the role of government in compensation and benefit planning, the relationship between immediate and deferred compensation and estimating the cost of the compensation program. From the Record of the Society of Actuaries, 1977, Vol.3, No. 1.

Description: Read the December 2016 issue of The Modeling Platform published by the Modeling Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.