USA Healthcare Reform Could Lead to a Rise in Premiums

The American Academy of Actuaries (AAA) has warned that the Healthcare Reform Bill contains language that “precludes data collection and aggregation across companies, limiting competition” potentially leading to a rise in premiums.

In general, as a condition of being licensed, property/casualty insurance companies are required to designate an entity to which they will report data for subsequent analysis.

These analyses of aggregated data serve several purposes and for some types of coverage, any single company’s own data, even for relatively large companies, is often insufficient to determine basic loss costs in multiple markets or to determine reasonable charges. Clarification of the legislation is needed as the bill does not specify what loss data may be collected and it is unclear about what actuarial activities are allowable

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One response to “USA Healthcare Reform Could Lead to a Rise in Premiums

  1. Pingback: Tweets that mention USA Healthcare Reform Could Lead to a Rise in Premiums « The GAAPS Blog -- Topsy.com

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