Health Care—An Overview

HEALTH CARE IS CONSISTENTLY AT THE TOP OF THE DOMESTIC POLICY AGENDA and is often a major topic of debate during election years, and 2016 is no different. From measured improvements to more significant repeal-and-replace strategies for the Affordable Care Act (ACA), as well as approaches to mitigate health care spending growth and improve quality, the candidates are hinting at a variety of proposals to modify the current health care system.

The American Academy of Actuaries’ Health Practice Council has identified three keys to a sustainable health care system. In particular:

  • For insurance markets to be viable, they must attract a broad cross section of risks;
  • Market competition requires a level playing field; and
  • For long-term sustainability, health spending growth must be reduced.

As candidates propose making changes to the ACA and addressing cost growth, it is important to consider and adhere to these principles. Otherwise, the viability of the health insurance market could be threatened, potentially resulting in higher numbers of uninsured, higher premiums, and insurer insolvencies.

In the coming weeks, in the context of the 2016 presidential election, the Academy will release new guides that examine various approaches to ACA reform and health care cost and quality initiatives conform to these market reform principles. In the meantime, you can read more about the Academy’s work on health care on the Academy website.

Read the other Health Care Election Guides: