AMERICAN ACADEMY OF ACTUARIES for AMERICAN ACADEMY OF ACTUARIES

Financial Institutions/Investments/Securities FIN

Creation of Office of Chief Actuary in HR 2609, HR 2611, and HR 4173; and issues concerning OTC derivatives reform and addressing systemic risk.

Contacted: Congressional Budget Office (CBO); Centers For Medicare and Medicaid Services (CMS); HOUSE OF REPRESENTATIVES; Transportation, Dept of (DOT); SENATE; Pension Benefit Guaranty Corporation (PBGC); Labor, Dept of (DOL); Internal Revenue Service (IRS)

Bills named: H.R. 2611 (111th), H.R. 2609 (111th), H.R. 4173 (111th)

Retirement RET

Proposed regs issued by the Joint Board for the Enrollment of Actuaries; the Retirement Security Needs Lifetime Payment Act of 2009 (HR 2748); relief funding legislation under the Preserve Benefits and Jobs Act of 2009 (HR 3936); PBGC process when sponsor declares bankruptcy; pension issues and IRS such as automatic approvals for funding method changes, COLAs, and general guidance timing; PBGC issues such as partitions, nonforfeitable benefits, PBGC rate changes; and Schedule SB electronic signatures.

Contacted: SENATE; Pension Benefit Guaranty Corporation (PBGC); Transportation, Dept of (DOT); Internal Revenue Service (IRS); Labor, Dept of (DOL); Centers For Medicare and Medicaid Services (CMS); Congressional Budget Office (CBO); HOUSE OF REPRESENTATIVES

Bills named: H.R. 3936 (111th), H.R. 2748 (111th)

Health Issues HCR

Actuarial issues re: Patient Protection and Affordable Care Act (HR 3590) and Affordable Health Care for America Act (HR 3962); issues re: potential impact on premiums from adverse selection and age rating restrictions; issues re: individual mandate coverage and strengthening same; state-level impact and healthcare reform; issues related to impact on small businesses; issues re: start-up costs for health care co-ops and a public plan option; and CLASS Act (long term care).

Contacted: Internal Revenue Service (IRS); Centers For Medicare and Medicaid Services (CMS); Congressional Budget Office (CBO); Labor, Dept of (DOL); SENATE; Transportation, Dept of (DOT); Pension Benefit Guaranty Corporation (PBGC); HOUSE OF REPRESENTATIVES

Bills named: H.R. 3962 (111th), H.R. 3590 (111th)

Medicare/Medicaid MMM

Medicare Advantage payment reform; and Medicare buy-in proposal in connection with healthcare reform.

Contacted: SENATE; Pension Benefit Guaranty Corporation (PBGC); HOUSE OF REPRESENTATIVES; Centers For Medicare and Medicaid Services (CMS); Congressional Budget Office (CBO); Internal Revenue Service (IRS); Labor, Dept of (DOL); Transportation, Dept of (DOT)

Insurance INS

Antitrust provisions of the Affordable Health Care for America Act (HR 3962); and the Health Insurance Industry Antitrust Enforcement Act of 2009 (HR 3596).

Contacted: Transportation, Dept of (DOT); Centers For Medicare and Medicaid Services (CMS); Pension Benefit Guaranty Corporation (PBGC); HOUSE OF REPRESENTATIVES; SENATE; Congressional Budget Office (CBO); Internal Revenue Service (IRS); Labor, Dept of (DOL)

Bills named: H.R. 3962 (111th), H.R. 3596 (111th)