Skip to main content

Go back to https://actuaries.org/events-library/ Back
Health

Providing Health Care in Retirement

Speakers: Jeffrey P Petertil
A major challenge facing every society is that of caring for an aging population. During the last century the actuarial profession has turned more attention to the financial risks associated with longevity and chronic health problems. Evidence is growing that providing health care in the retirement years will be the most serious challenge and that focus on the sustainability of a “three-legged stool” of support (federal government, employment based and personal savings) is in place only precariously, if at all. Alarm at the growing demand for health care in an aging population is near universal in the developed world and well-recognised in the developing world. The actuarial profession is positioning itself as the essential partner in the management of financial risk. This paper will explore the financial risk involved in health care for the elderly in a developed economy, with a particular emphasis on actuarial modelling for chronic care and end-of-life uncertainties.
March 8, 2010