Description: People often describe the actuarial profession as dealing with risk. That is true, but in the case of life and health actuaries, another element may be even more important. It is the management of liabilities that accrue over time. For example, the liability associated with a group of individual life insureds increases as the group grows older.

Description: If the United States is to have a successful Social Security and Medicare system long term, one that blends needs with financial capacity, it is necessary to protect the actuarial process from being overwhelmed by the political process. While some assistance is provided already under existing law, additional protection would enhance public confidence in the estimates made by government actuaries.

Description: President Smith's speech focuses on the need for actuaries to be better spokepeople and advocates for good sound improvement in social programs like Social Security, Medicare and Health Care reform.

Description: Article The 1979 Annual Report of the Trustees Of the U.S. Social Security Programs by Bartlett in The Actuary, June 1979, Volume 13, Number 6

Description: Reviews a book by this title authored by Robert Myers, which discusses the costs of Medicare and Medicaid.