Description: A new statistical approach is presented for calculation of Incurred But Not yet Paid, IBNP, claim amounts. It is based on two new variant methods, the Simple Projected Paid Lag method and the Regressed Projected Paid Lag method.

Description: This paper develops a method for estimating the future claim costs of known ongoing large medical claims. It applies Least Squares analysis of historical experience to derive two arrays of factors. One array is to be applied as a vector inner product with claim costs already incurred and/or paid to project a total future claim cost. The second array distributes the total future claim cost over the months following the analysis date.

Description: Full version of Health Section News, August 2003, Issue No. 46.

Description: This session 39TS of the 2004 Valuation Actuary Symposium discusses the different techniques for determining health unpaid claim liabilities such as the traditional loss development method, casualty reserving techniques and new approaches that have been discussed in recent actuarial literature. Case studies explore and illustrate the issues and the pros and cons associated with each technique.

Description: At this presentation from Session 72D of the SOA 1996 Colorado Springs Meeting, the panelists debate legislative changes to the Medicare program. Included is an overview of the changes in the 1995 legislation, expected savings in the Federal budget, a debate as to the realism of these expected savings, reaction of enrollees, and a discussion of anticipated effects on the private sector of the healthcare system. From the Record of the Society of Actuaries, Vol. 22, No. 2.