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ACA's Impact on Financial Statements: What Every Insurer Needs to Know and Do in 2014
Milliman Link to more items from this source
[Guidance Overview]
Mar. 21, 2014

"Because of new premium stabilization programs, subsidies, and fees, insurance company CFOs -- and their accountants and actuaries -- will soon be engaged in a complicated process of estimating unknown future calculations, updating these estimates when additional data are available, closing out these accruals when funds get transferred, and ensuring that the results are reflected in the proper time period. Furthermore, these financial entries will potentially be subject to review from a number of external stakeholders such as [HHS], auditors, credit rating agencies, and state insurance departments. There are approximately two dozen new issues that must be mastered."

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