Actuarial Value News Today

Members of the city’s Finance and Budget Committee on July 11 recommended that the city commit to fully fund police and fire department pensions by 2040. Committee discusses ways to ensure full funding for police and fire department pensions.

The Obama Administration is aggressively exploiting regulation to achieve its policy agenda, issuing 157 new major rules at a cost to Americans approaching $73 billion annually.

This week, CMS issued the CY 2023 Medicare Advantage and Part D Proposed Rule. Read more about this proposed rule and other news below.

Now that the Senate has passed the American Rescue Plan, we can be very confident that sometime in the next week or so the ARP will be showing up at the White House’s door step ready to be signed. One of the big pieces of the ARP is a 2 year update of the ACA subsidy table. There are two major things going on in the update. Everyone will now be eligible for subsidies if the benchmark silver plan costs more than 8.5% of their income Subsidies for everyone who currently gets a subsidy will incr...

Also for the country. so those are a lot of good factors. so well see what happens. we are working very hard. we have given ourselves a little more time to make it perfect. >> lets bring in jonathan gruber, professor of economics at m.i.t., key architect of the affordable care act and rick tyler, republican strategist and msnbc analyst. jonathan, i want to get your reaction to the presidents comments right now. they are getting a little more time to make this perfect. >> well, basically, its so ...

Mandating this kind of comprehensive insurance which, again, people have said is one size fits all whether you need everything it provides or not. 60% of actuarial value means that theres not a lot of room for deductibles, not a lot of room for co-pays, not a lot of room for health savings accounts. most americans currently have the kind of insurance which has deductibles, has co-pays, has health savings accounts. you know what that means? lower premiums. so if you have to go to a state exchange...