A study by Professor Robert L. Brown suggests that maintaining a larger labor force and increasing productivity can mitigate the impact of baby boomers' retirement on society. By keeping workers in the workforce longer and investing in education and capital, it is possible to produce enough goods and services for the economy.
A new study from the Society of Actuaries found no direct link between managed care plan ratings and enrollment. The researchers suggest that ratings may be valuable in refining the rating process and increasing its usage by consumers, but more research is needed.
Actuaries forecast a low probability of a national health plan being implemented by 2010 and 2050. The US suicide rate is expected to rise, with Americans born in 1997 predicted to live beyond age 80 by 2050.
The survey shows strong support for indexing the retirement age to increases in life expectancy. However, actuaries opposed individual accounts and favored limiting investment choices if enacted. Most respondents disagreed with adjusting benefits based on retiree-to-worker ratio.
The Society of Actuaries has published a monograph on managed care in a time of transition, featuring insights from 21 experts on the topic. The research project explored managed care issues from different stakeholder perspectives, including consumers, health plan sponsors, and healthcare providers.
Researchers used a copula model to analyze joint mortality data, finding that considering two covered lives as dependent rather than independent reduced annuity values by about 5 percent. The study's findings have significant implications for actuarial research and annuity valuation.
The Society of Actuaries symposium explored managed care effectiveness using the Health Plan Employer Data and Information Set (HEDIS) tool, highlighting access as a primary concern for consumers. The discussion also touched on issues with data quality and performance measurement in healthcare.
The Society of Actuaries (SOA) honored ten authors with top awards for their research in actuarial modeling, including the Lew Award and Anderson Memorial Award. The SOA's Committee on Knowledge Extension Research chose winning papers based on achievement in actuarial modeling research.
A new study suggests that Social Security financing would be relatively unaffected by the largest expected mortality improvements, with less than 1% difference in tax rates projected. However, experts acknowledge a high degree of uncertainty about mortality improvement rates, which could add to the challenges faced by retirement planners.
The Society of Actuaries is hosting a conference on risk measurement for financial services, bringing together experts to discuss integrated approaches. The event is timely with the Securities and Exchange Commission's new market risk disclosure rules.
The Society of Actuaries Foundation hosts a forum on math mentoring at the elementary school level, bringing together teachers, actuaries, and companies implementing a $120,000 two-year grant program. The session focuses on feedback from the first year and adjusting projects for the second year.
The Society of Actuaries' annual meeting will address pressing topics such as the old-age crisis, genetic testing, and technology's impact on healthcare. The event features a keynote speech by Robert B. Reich, who will discuss how societies can cope with globalization's widening split between the haves and have-nots.
A comprehensive review of actuarial assumptions for public sector plans found that actuaries have been highly accurate in making critical demographic assumptions affecting retirement plan costs. The study of over 80 public retirement systems and 100 different retirement plans revealed accuracy rates ranging from 90-100% for key assumpt...
The study reveals that more men than women were high-cost claimants, with the 50-59 age group accounting for the highest percentage of claims. The average charges per case were $80,000 for congenital disorders and perinatal conditions, highlighting areas where healthcare needs exist.