Video & Transcript Research : 'actuarial study'

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MN

Minnesota 2025-2026 Regular Session

House Human Services Finance and Policy Committee 2/19/25

Human Services Finance and Policy

Transcript Highlights:
  • the two different types of Actuarial the two different types of Actuarial analyses<00:01:52.840>
  • would refer you to the Actuarial would refer you to the Actuarial analysis<00:04:53.800> so
  • rates we needed to do an Actuarial rates we needed to do an Actuarial analysis<00:08:26.840>
  • <00:08:46.040> report fund it and then the Actuarial report fund it and then the Actuarial
  • reports the release of the Actuarial reports the release of the Actuarial report<00:09:10.120>
Keywords: 1183, house
NH

New Hampshire 2026 Regular Session

House Commerce and Consumer Affairs (04/08/2026)

Commerce and Consumer Affairs

Transcript Highlights:
  • However, for actu actuarial to jump up.
  • It was not a study.
  • It was not a study.
  • It was not a study.
  • But on that study though, it depended on not— a study. It's an investigation.
Keywords: 928, house, all
Summary: The subcommittee focused primarily on a bill concerning long-term care insurance rate increases and consumer notice. Members and staff discussed replacing or supplementing a proposed public hearing requirement with annual reporting, website updates, and consumer-facing disclosures about approved rate increases, carriers writing the products, and how the products work. Several participants emphasized that long-term care policies are long-term products, that rate increases can be spread over many years for actuarial reasons, and that consumers need better information about trends and the impact of increases. A major point of disagreement was whether the bill should try to cap premium increases. One member argued the real problem is unexpected increases of 15% to 20% and urged a statutory cap to protect consumers. Insurance department representatives and others responded that hard caps had been struck down in prior case law, that the department’s core responsibility is solvency, and that carriers need sufficient premium to pay future claims. They also said the market is struggling because many carriers stopped selling the product, leaving in-force policies to bear the cost, and that overly restrictive caps could cause insurers to withdraw from the state. The discussion then shifted toward a compromise requiring carriers to notify policyholders before a rate increase is approved and allowing a 60-day comment period. Participants debated whether the notice should come from the carrier, how confidentiality rules would apply before approval, and what the department should do with public comments. The department said it already reviews filings carefully and that submitted rates are often adjusted before approval; lawmakers noted that prior commissioners had pushed back on increases in some cases, including a seven-year moratorium. No final vote was taken in the excerpt, and the chair repeatedly tried to move the subcommittee along to other bills.
KY
Transcript Highlights:
  • They're adjusted for actuarial rate.
  • <01:01:01.359> and uh this is an example of a study and uh this is an example of a study and
  • about um two particular research studies about um two particular research studies that<01:02:22.400
  • a<01:02:54.720> pediatric This study also supports a pediatric This study also supports
  • So those are two studies that we wanted to highlight in addition to Dr. Durban's study.
Keywords: 958, all
Summary: The Budget Review Subcommittee on Health and Family Services met in person, approved the October 15 minutes, and began with a moment of silence following a Louisville UPS plane explosion that was described as a local tragedy affecting many families and first responders. The main presentation was an overview of Kentucky’s Medicaid non-emergency medical transportation (NMT) program from the Department for Medicaid Services and the Transportation Cabinet. Witnesses explained that NMT is a federally required Medicaid benefit, administered by the Transportation Cabinet under a risk-based capitated model, with eligibility limited to Medicaid members traveling to medically necessary, Medicaid-covered services and who lack access to other transportation. They also described exclusions, including certain KCHIP, QMB, and PACE members, and outlined the brokered regional structure, call center operations, scheduling rules, vehicle and driver oversight, complaint handling, and rider surveys. The presenters reported that NMT handled more than 3.1 million trips in state fiscal year 2024, with over 1.38 million trips already recorded in October, and said customer satisfaction surveys were high. They said the FY 2025-26 contract total is about $360.6 million, with monthly per-member capitation rates set by region through an actuarial process and approved by CMS. They emphasized that payments are tied to monthly Medicaid enrollment and that the state draws down federal funds for the exact amount paid, with no leftover balance. They also said most NMT use comes from adult day centers and rehabilitative care such as dialysis. Members questioned the witnesses about how quality metrics and contract standards are set, whether the state had explored alternatives such as Uber Health or other integrated models, and how utilization was calculated. The witnesses said contract requirements are developed collaboratively by Medicaid Services, the Transportation Cabinet, and other agencies, and that studies of other models generally found higher costs and lower approval ratings, with additional research on a hybrid model expected by the end of the year. They clarified that one figure reflected the share of Medicaid members with registered vehicles, while another reflected actual NMT users, and they defended the capitated structure as shifting financial risk to brokers rather than the state. Representative Fleming also raised concerns about oversight, reporting, and the apparent gap between budgeted and contracted amounts, asking whether any unused funds would return to general funds; the discussion ended before a final answer was given.
CA

California 2025-2026 Regular Session

Senate Insurance Committee Jun 24th, 2026

Insurance

Transcript Highlights:
  • That is a completely separate program that is being studied that doesn't affect telematics.
  • Very good point, and it is exactly because of that study bill that I bring the issue up.
  • It was a study bill.
  • Very good point, and it is exactly because of that study bill that I bring the issue up.
  • It was a study bill. nor do I think that this is any kind of nor do I even think it, it was a study bill
Keywords: 987, senate, all
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Public Service Jun 21st, 2026 at 01:00 pm

Joint Committee on Public Service

Transcript Highlights:
  • The purpose of this bill is to evaluate and study the costs and benefits attributable to all service
  • One-half of the actuarial assumed interest rate.
  • Most other states that allow service purchases charge their members either the full actuarial present
  • value or a percentage of the actuarial present value of the increase in benefits resulting from the
  • the members' benefit increase resulting from the additional service credit and the corresponding actuarial
Keywords: 995, all
Summary: The committee heard testimony on several public service and retirement-related bills. Senator Kelly Dooner and Rep. O’Rourke supported a Taunton home rule petition to extend Chief Walsh’s service during the city’s transition to a new public safety facility, citing the need to manage new equipment, cameras, and 911 systems smoothly. Senator Lovely testified in favor of bills expanding retirement savings access through the SMART Plan and the CORE Plan, arguing that automatic enrollment and broader eligibility would help state, municipal, and nonprofit workers save for retirement. No questions were raised on the Taunton petition, and the hearing later moved through the remaining testimony without any votes taken during the transcript. Mary Waldron of the Old Colony Planning Council and Jeffrey Walker of the Southeast Regional Planning and Economic Development District urged support for legislation protecting regional planning agencies from being required to make retroactive payments to the State Retirement Board for past employer contributions. They warned that the costs would be unsustainable, could force layoffs or closures, and would jeopardize their ability to provide transportation, housing, economic development, and planning services. Bill Keith and Patrick Charles of PEREC testified on several retirement administration bills, including measures to ease statement-of-financial-interest filing rules, require payment for certain creditable service purchases, and clarify the definition of wages to include sick, vacation, and personal time; committee members asked questions about regional transit authorities joining retirement systems and about adding local retirement board representation to a proposed commission. Jonathan Osimo and Rob Fabino of the Massachusetts Teachers Retirement System supported bills to penalize delinquent pension reporting by employers and to create a special commission to study retirement credit purchases, saying better reporting would improve retirement processing and that a broader review could improve fairness and sustainability. Eddie Boynton of the Braintree Education Association backed the SMART Plan bill, describing how automatic enrollment and low-fee fiduciary oversight could protect educators from high-cost supplemental retirement products. Matthew Nugent testified for a bill to divest public pension funds from firearms and ammunition. After the final witnesses, the chairs asked if anyone else wished to testify, heard none, and then adjourned the hearing.
HI

Hawaii 2025 Regular Session

CPC/CPN Joint Info Briefing - Mon Jan 27, 2025 @ 2:00 PM HST

Hawaii House Floor Meeting

Transcript Highlights:
  • <00:14:37.120> the government to review the study the government to review the study the problem
  • sorry yes but with all the actuaries sorry yes but with all the actuaries giving<00:57:35.000>
  • You said Aon is doing the study. What is the deadline for the study?
  • You know, I just, to go along with what he's saying, I mean, we have a study on a study.
  • The study isn't meant to be an exhaustive study, and from what we heard during the RFP process, a lot
Keywords: 910, house, all
MS

Mississippi 2026 Regular Session

MS Senate Floor - 7 January, 2026; 10:00 AM

Mississippi Senate Floor Meeting

Transcript Highlights:
  • I don't understand I'm not an actuary.
  • <00:30:01.240> had state employees than the actuaries had state employees than the actuaries
  • And an ad hoc cola of the actuaries.
  • ,<00:59:57.240> and and I said this with the actuaries, and and I said this with the actuaries
  • <01:00:11.080> cannot<01:00:12.080> calculate actuaries cannot calculate actuaries cannot
Summary: The Senate convened with a quorum present, heard an invocation from Reverend Chip Stevens of First Baptist Church in Jackson, and recited the pledge of allegiance. The body then dispensed with the reading of the journal, committee reports, and bill titles, and received several guest introductions, including the president of Mississippi University for Women, the physician of the day, and the session’s pages. The main item of business was Senate Bill 2004, the Mississippi PERS Stability Act. Senator Sparks explained that the bill would provide a $500 million infusion to the PERS accumulated employers account on July 1, 2026, followed by $50 million annually for 10 years, with backup funding from unobligated general funds if needed. He said the measure was intended to help address the system’s roughly $26 billion liability and to support both state employees and local government employers, noting that the state had already taken other steps to strengthen PERS. The bill was advanced to engrossed status, read for the third time, and placed on the calendar for final passage. Senator Norwood asked whether the funding would help local governments, and Senator Sparks said it would, because the liability is shared by all employers in the system and affects local balance sheets and bond ratings. Senator Bryan then spoke at length in opposition to the broader direction of retirement policy, criticizing the committee process, the fragmentation of retirement legislation, and what he described as incentives for privatization and unfair treatment of new hires. He said he would still vote for the bill because it sends money into the system, but argued that the state should focus retirement benefits on older retirees and avoid further benefit expansions. Senator Sparks responded that the bill was a necessary cash infusion to honor commitments to employees, stabilize the system, and avoid insolvency, and said more PERS legislation would follow.
ND

North Dakota 2025-2026 Regular Session

House Industry, Business and Labor Apr 8th, 2025 at 02:45 pm

Industry, Business and Labor

Transcript Highlights:
  • Did that come from a study? Where did that come from?
  • Well, this is one of those times where we pull the trigger or we can study it until 2030.
  • Well, this is one of those times where we pull the trigger or we can study it until 2030.
  • That's an actuarial guess.
  • Actuaries are pretty scientific, but they're not always right.
Bills: SB2160
Summary: The committee resumed work on Senate Bill 2160, which would move the Public Employees Retirement System health plan from grandfathered to non-grandfathered status under the Affordable Care Act. PERS officials Rebecca Frickie and Derek Holbein explained that the bill would allow more flexibility in plan design, including higher deductibles, co-pays, and out-of-pocket maximums, while also adding enhanced preventive benefits. They clarified that ACA “essential health benefits” apply to individual and small-group markets, not to PERS as a large employer, and that the bill’s projected cost increases were based on actuarial estimates and prior bid scenarios from Sanford and Blue Cross Blue Shield. Members debated whether the bill would actually save money or simply shift costs to employees. Supporters argued that non-grandfathered status would create more levers to manage medical inflation and could produce net premium savings through plan redesign, citing prior bid comparisons showing potential reductions of 1% to 8% depending on the option. Opponents, including Representative Schauer and North Dakota United president Nick Archelette, questioned how the state would pay for the estimated $25 million to $30 million in added benefits and warned that employees could face higher out-of-pocket costs amid already strained household budgets. Frickie said the legislature would control funding decisions and that current law requiring the state to pay full family premiums could be changed only by statute. The committee also discussed reserve funding, with members noting that a $4.3 million reserve draw in the bill was intended to cover the final months of the biennium and could be modified. After testimony and discussion, Vice Chair Johnson moved a do-pass recommendation and referral to Appropriations. The motion passed 10-3-1, with Representatives Ostlie, Schatz, and Schauer voting no. Representative Gump agreed to carry the bill.
TX

Texas 89th Regular

89th Legislative Session May 10th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • Industry-recognized credential study at two and four-year institutions.
  • Because we do know that there are studies that indicate that...
  • Almost, we're well past actuarial soundness. No, I'm sorry, Representative.
  • Actuarial soundness is no more than 31 years.
  • Actuarial information, I guess, from TRS that the fund will be sound. Correct.
NM

New Mexico 2025 Regular Session

IC - Investments and Pensions Oversight Nov 5th, 2025

Investments & Pensions Oversight Committee

Transcript Highlights:
  • The 2025 PERA Actuary Reports specifically recommend increasing contributions to stabilize the fund.
  • The table includes data from the last four actuary reports.
  • The actuary assumes annual salary increases of 3.25%.
  • The 2025 actuary report released just last week shows that on its current path, the unfunded liability
  • We encourage you to revisit that study, and we thank you for your help.
NM

New Mexico 2026 Regular Session

Senate - Judiciary Feb 11th, 2026 at 05:25 pm

Senate Judiciary

Transcript Highlights:
  • The Pinnacle Actuarial Resources Group is the firm that's been hired to conduct this annual actuarial
  • Our actuary has been looking at this at the Patient Advisory Board.
  • impact currently on the fund on an actuarial basis is immaterial.
  • knowledge of actuarial science.
  • knowledge of actuarial science.
Bills: SB41, SB153, SB165, SB261, SB264
LA

Louisiana 2026 Regular Session

Appropriations Apr 27th, 2026

Appropriations

Transcript Highlights:
  • This was at the recommendation of the state auditor a year ago, when he recommended in that study that
  • In the last couple of years, I've been forced to study lots of things that I was never interested in.
  • If you actually have an actuary...
  • Only an actuary can show you that total cost of care.
  • Only an actuary can show you that total cost of care.
TX

Texas 89th Regular

Insurance Mar 5th, 2025

Insurance

Transcript Highlights:
  • Notably, our Actuaries raise objections on nearly 75% of the rate filings we receive.
  • This number has been studied. Over the last few years.
  • In insurance language, our rates are not actuarially adequate.
  • And Let me say, I'm not an actuarial person at all, I'm not an actuary, but I think when we talked about
  • As I said, I'm not an actuary, but I'm having a hard time understanding why.
Keywords: 1184, house, all
MN

Minnesota 2025-2026 Regular Session

House Higher Education Finance and Policy Committee 3/24/26

Higher Education Finance and Policy

Transcript Highlights:
  • removes several long-standing work study removes several long-standing work study provisions.<01
  • talked about to the work study program. talked about to the work study program.
  • To the second question about the federal part where state work study overlaps with federal work study
  • study overlaps with<01:44:31.840> federal<01:44:32.560> work<01:44:32.800> study
  • finding it harder to attract work study finding it harder to attract work study students.<01:46:
Bills: HF4362, HF4252, HF4440
MN

Minnesota 2025-2026 Regular Session

House Human Services Finance and Policy Committee 3/24/26

Human Services Finance and Policy

Transcript Highlights:
  • You don't have a background study? Oh, 200 bucks. Big deal.
  • You don't have a background study for five years and you haven't gotten licensed for five years?
  • <00:40:50.840> Oh, You don't have a background study?
  • Oh, You don't have a background study? Oh, 200<00:40:51.800> bucks. 200 bucks. 200 bucks.
  • for 5 years and you haven't gotten study for 5 years and you haven't gotten licensed<00:40:57.960>
AZ

Arizona 2026 Regular Session

03/17/2026 - Senate Appropriations, Transportation and Technology

Appropriations, Transportation and Technology

Transcript Highlights:
  • state general fund in FY 2027 to the Arizona Department of Water Resources for a required feasibility study
  • The underlying purpose of this bill, the study, is really, really important. And as I was...
  • The study is really, really important.
  • Four against studies today. Amazing. Amazing.
  • study is not funded from the Housing Trust Fund, where it will save money, this study ain't happening
Summary: The committee approved the March 10, 2026 minutes and then considered several bills. HB 2056, appropriating $100,000 for an Arizona Department of Water Resources feasibility study on brackish groundwater desalination, passed 6-3 despite concerns that it could encourage more groundwater pumping and worsen subsidence or impacts to tribal lands. HB 2057, which lowers the Arizona Centennial Special Plate renewal fee from $25 to $20, also received a do-pass recommendation, 7-2, with some members objecting to the special plate’s focus and the reduced fee. HB 2224, appropriating $1 million annually to DES for the produce incentive program, drew strong support from nonprofit and food-access advocates who said the Double Up Food Bucks program helps families, farmers, and local markets; it passed 9-0. HB 2257, changing the allocation of watercraft registration revenues among the Watercraft Licensing Fund, Lake Improvement Fund, and boating safety/law enforcement funds, passed 6-3 after criticism that the bill was heard without a sponsor present and concern about shifting money away from Game and Fish. HB 2265, barring courts from charging defendants for public defender or court-appointed counsel costs and related criminal-case fees, passed 7-1 amid debate over constitutionality, cost shifting to counties, and whether the bill should be amended to offset lost revenue. The committee then took up HB 2311, which imposes disclosure, content, parental-control, and self-harm response requirements on publicly available conversational AI services for minors. The sponsor and supporters framed it as child protection, while opponents warned about privacy, surveillance, and overbroad definitions; an Epstein amendment expanding the bill to broader conversational technology was rejected, and the bill passed 7-2. HB 2752, moving authority over international trade offices from the Arizona Commerce Authority to legislative appropriations and reporting, passed 6-3 after a proposed data-and-research amendment was also rejected. Finally, HB 2957, requiring ADOT to continue offering non-REAL ID licenses and limiting biometric collection and data sharing, prompted extensive testimony for and against; supporters emphasized privacy and choice, while opponents warned it could conflict with federal CDL and REAL ID requirements. The transcript cuts off during the discussion of HB 2957, before a final vote is shown.
AZ

Arizona 2026 Regular Session

02/18/2026 - House Transportation & Infrastructure

Transportation & Infrastructure

Transcript Highlights:
  • Studies.
  • In 2016, the I-11 Tier 1 environmental impact study began.
  • Further studies are required to identify the specific alignment.
  • This is why this study is so important.
  • This is why this study is so important.
Summary: The committee heard an ADOT presentation on Interstate 11, SR 347, the I-10 Wild Horse Pass corridor, and the I-40/US 93 West Kingman project. ADOT said the I-11 corridor remains under a federal lawsuit covering the full 280-mile route from Mexico to Nevada, with a Tier 1 reevaluation underway and public outreach expected later in the year, concluding in early 2027. ADOT said segmentation of the corridor would add time and cost, and that current work is limited to pre-NOI Tier 2 activities and other allowed planning steps. For SR 347, ADOT described widening, intersection upgrades, two grade separations, and a schedule that could begin construction in summer pending clearances. For I-10, ADOT outlined four widening projects adding a third lane each way, interchange reconstructions, a new interchange at Coley Road, and corridor-wide freeway management systems, with completion expected by late 2029. For the West Kingman I-40/US 93 project, ADOT said the $106.5 million project is about 60% complete and should finish in early 2027; members asked about temporary traffic control near Beale Street and possible additional signage or signals on the corridor. Members also raised local traffic and safety concerns on the SR 347 and I-10 projects, including signal timing, median barriers, construction hours, truck traffic, and the need for clearer driver education and digital signs. ADOT said it would look into signal optimization, possible temporary fixes, and additional signage, and noted the I-10 corridor total cost is just under $1 billion, funded through a mix of MAG, federal, and state money. On I-40, members also discussed a possible temporary traffic light near Beale Street to improve safety and access. The committee then moved to a series of transportation appropriation bills and announced a mass-motion process for the projects. Staff explained HB 2067 for Apache Junction ($29.4 million), HB 2068 for the Wolford Road extension in Show Low ($6.5 million), HB 2164 for Ray Lane improvements in Graham County ($3.73 million), HB 2200 for SR 89 widening in Chino Valley ($36 million, contingent on a $1 million local commitment), HB 2201 for Sedona SR 89A/Forest Road/Ranger Road projects ($8.03 million), and HB 2304, the ARTEC bill, which appropriates about $473 million for multiple highway projects statewide. Witnesses from Show Low, Eloy, Coolidge, Casa Grande, Lake Havasu City, Clarkdale, San Luis, Yuma, and Yavapai County testified in support of their local projects, emphasizing congestion relief, freight movement, emergency evacuation, safety, economic development, and local matching funds. No final votes were taken in the portion provided; the chair indicated the committee would proceed with a mass motion on the project bills after testimony.
TX

Texas 89th Regular

Higher Education Apr 29th, 2025

Higher Education

Transcript Highlights:
  • Chinese student came to the United States with the intention of studying under Dr.
  • I don't know if the feasibility study specifically looked at that.
  • That's also in the feasibility study, but would be done later in time.
  • The Higher Education Coordinating Board must go in and do a study for that.
  • So we're we're studying two different areas. Absolutely.
TX

Texas 89th Regular

Trade, Workforce & Economic Development Apr 15th, 2025 at 10:04 am

Trade, Workforce & Economic Development

Summary: The committee heard testimony on HB 3862, which would restrict social media app use for minors and limit smartphone/social media access in classrooms. Supporters, including representatives from Champions for Childhood, argued that smartphones and social media are linked to addiction, distraction, cyberbullying, and worsening youth mental health, and said the bill would help parents and schools protect children. After testimony, the committee left HB 3862 pending. Members then heard HB 3712, a construction retainage bill that would stop owners from withholding reserved funds on specially fabricated materials once they are delivered, approved, and warranted, while still allowing retainage for labor and installation. Witnesses from the precast concrete industry said current retainage practices delay payment for years and create financial risk for subcontractors and suppliers. The bill was left pending after closing. The committee also heard HB 2963, a right-to-repair bill requiring manufacturers to provide parts, tools, and information for owners and independent repair providers, with carve-outs for medical devices, vehicles covered by existing repair agreements, trade secrets, and security protections. Support came from consumer, environmental, repair, and policy groups, while one witness from Safelite was neutral and urged removal of the MOU reference for auto manufacturers. HB 2963 was left pending. The committee also heard HB 4308, which would create county industrial development districts to attract industrial employers and finance infrastructure through local elections and a board structure. Supporters, including the Fort Bend County commissioner, said the bill would help counties diversify tax bases and create jobs; the bill was left pending. Later, the committee took up several pending bills and voted to report HB 74, HB 112, HB 2214, HB 3016, HB 3133, HB 3173, HB 3807, HB 4063, HB 4115, HB 5008, and HB 2652 favorably to the full House, with some sent to the Local and Consent Calendars. The committee also heard HB 3874 on construction contract transparency and HB 4196 on creating a task force to modernize manufacturing, both of which were left pending. Finally, the committee heard HB 3344, which would create a licensing and regulatory framework for re-roofing contractors; supporters said it would curb storm-chasing and protect homeowners, while one roofing contractor opposed it as too restrictive and argued existing fraud laws are sufficient. HB 3344 was also left pending.