The letter points out specific risks and concerns to be addressed in weighing repeal and a possible replacement:
- Offering pre-existing condition protections requires incentives for enrollment.
- Eliminating provisions that encourage enrollment would threaten sustainability.
- Increasing risks could cause an increase in insurer withdrawals from the market.
Read the letter and learn more about the Academy's work on health reform by visiting the health section under the "Public Policy" tab at actuary.org.
The American Academy of Actuaries is an 18,500+ member professional association whose mission is to serve the public and the U.S. actuarial profession. For more than 50 years, the Academy has assisted public policymakers on all levels by providing leadership, objective expertise, and actuarial advice on risk and financial security issues. The Academy also sets qualification, practice, and professionalism standards for actuaries in the United States.
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SOURCE American Academy of Actuaries