Description: Chapter 10 of the Models for Retirement Policy Analysis. This chapter describes the Macroeconomic-Demographic Model of the U.S. Retirement Income System used to investigate alternative approaches to investment of the OASDI trust funds.

Description: This paper explores the legislation of New York 65, the intent of which was to offer health benefits to persons age 65 and over without health examination or other evidence of insurability. From TRANSACTIONS OF SOCIETY OF ACTUARIES, 1962 VOL. 14, PT. 1 NO. 40.

Description: This study produces annual claim costs for Group Weekly Indemnity Insurance and Group Employee & Dependents Hospital & Surgical Expense Insurance and exhibits the trend in these claims costs. This report is based on a study by the Committee on Group Accident and Sickness Experience designed to satisfy that need to update previous studies due to the shift in emphasis by plan of benefit, the increase in level of hospital expenses and the change in pattern of these expenses. From Transactions of Society of Actuaries 1960, Vol. 12, No. 34.

Description: This project shows how to use agent-based models to simulate the behaviors of agents in complex health systems.

Description: This Fellowship credit research paper describes the use of fuzzy sets applications to the selection of group health risks. In general, fuzzy set theory is implemented to describe collections of objects whose boundaries are not precisely defined, as in the judgment of what constitutes a good risk group. First, single-plan underwriting is considered, then the work is extended to multiple-option plans.

Description: This section features various book reviews: 'How to Cope with the Developing Financial Crisis' by Bladen, 'Policymaking for Social Security' by Derthick, '1979 Annual Report of the Board of Trustees of the Federal OASDI Trust Funds' by US Congress, 'Integration of Plans with Social Security and Funding' by Grubbs, 'Pension and Profit Sharing Plans - a Basic Guide' by Mamorsky, 'Joint Trust Pension Plans' by McGinn, 'Financing the Civil Service Retirement Systems...' by McGill, 'Pension Task Force Report on Public Employee Retirement Systems' by Committee on Education and Labor. Brief descriptions of additional readings are also included.

Description: In this paper the authors analyze data from group medical expense insurance claims and show that many insurance loss distributions have very 'heavy tails' because large losses represent a disproportionate fraction of the total cost. They also present a simple model to reproduce and explain the large loss behavior. From Actuarial Research Clearing House 1990, VOL. 2

Description: The Health Section Council HSC of the Society of Actuaries approved and funded a project to study the cost impact on plan sponsor retiree pharmacy costs when Medicare Part D is implemented in 2006. Actuarial & Health Care Solutions, LLC AHCS was retained by HSC to perform the project. This report provides estimated savings for several of the options that will be available to plan sponsors after implementation of the Medicare prescription drug program.

Description: This section presents book reviews and summarizations of recent publications: 'Regulation of Blue Cross and Blue Shield Plans' by Eilers, 'Changes in Family Medical Care Expenditures and Voluntary Health Insurance' by Anderson, Collette, and Feldman, 'Risk Management' by Snider, 'Smoking and Health: Report of the Advisory Committee to the Surgeon General of the Public Health Service' by Public Health Service. Digests are also included.

Description: This report contains historical U.S. population crude mortality rates by gender and single year of age for calendar years 2000-2015.