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  #31  
Old 02-12-2018, 09:54 PM
mr coffee mr coffee is offline
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Originally Posted by Dr T Non-Fan View Post
That is probably true. After all, the process is merely making an estimate of short-term liabilities, most of which will be realized in the next two months. And since no one really knows what the claims will turn out to be, make a good, educated guess that can be defended with what you know at the time.

Every so often, check your educated guess with realities. Be able to explain why your guess was wrong, if it's very wrong. Be able to explain why your guesses are always wrong the same direction, and fix it if it is fixable.
I agree with what you say. But because these estimates are used as the foundation for the craziest things, it can go sideways real fast.
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  #32  
Old 02-12-2018, 10:46 PM
Dr T Non-Fan Dr T Non-Fan is online now
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Yes.
Keep track of your true estimates, let someone else dig their grave. And notify pricing.
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Last edited by Dr T Non-Fan; 02-13-2018 at 12:02 PM..
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  #33  
Old 02-12-2018, 11:30 PM
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http://www.hbactuarial.com/health-actuarial/

"While Health Care Reform has been in the news for some time, the main effects of the Patient Protection and Affordable Care Act donít yet kick in until 2014."

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