Actuaries Set to Discuss Trustees' Reports on Financial Condition of Medicare and Social Security

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Apr 23, 2012, 02:54 ET

WASHINGTON, April 23, 2012 /PRNewswire-USNewswire/ -- The following is being released by the American Academy of Actuaries:

(Logo: http://photos.prnewswire.com/prnh/20100322/AAALOGO)

What: The American Academy of Actuaries' Medicare and Social Security experts will be available to offer an actuarial perspective after the programs' trustees release their 2012 annual reports.

The Academy encourages policymakers to act quickly to address the sustainability of both programs.

Regarding Medicare, the actuaries believe that Medicare continues to face long-term financing problems. Although the Affordable Care Act (ACA) contains numerous provisions that aim to put Medicare on a more sustainable path, more needs to be done.

Regarding Social Security, the actuaries believe that the program's financial challenges should be addressed immediately and that an increase in the retirement age should be included as part of any reform effort.

Who: On Medicare issues…
Cori Uccello, Senior Health Fellow
American Academy of Actuaries

On Social Security issues…
Don Fuerst, Senior Pension Fellow
American Academy of Actuaries

When: Monday, April 23, 2012

Contact: To schedule an interview, contact
Ellen Dadisman, assistant director of communications
American Academy of Actuaries
202/785-7872 or [email protected]

Later today, the Academy will release 2012 Campaign Voters' Guides for Medicare and Social Security.

The American Academy of Actuaries is a 17,000-member professional association whose mission is to serve the public and the U.S. actuarial profession. The Academy assists 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.

SOURCE American Academy of Actuaries