Actuary

Paul Krugman, an editor for the New York Times, writes about current issues of minimum earnings in his editorial, Raise the Wage, published on February 17 2013. Paul discusses a increase in the minimum wage and how it would be beneficial to raise the current rate from $7.25 by less then $2. this increase would be in line with our natural inflation, would benefit the lower working class by raising incomes of “hard-working but low-paid Americans”, and supports his claim with rhetorical devices of…

Memo TO: Name Surname, Vice President of Product Development FROM: Haoming Cao, Actuary DATE: Feb. 12, 2017 SUBJECT: A Promising New Product - Long-term Care Insurance Recent conference discusses a new insurance product, the Long-term Care Insurance. In this memo, I will present the basic features and the future market of this promising new product to you as a reference. Basic Features of Long-term Care Insurance Long-term care insurance is designed to cover the expense of long-term care…

being forced back into minimum wage jobs. With increased life spans, increased drug prices, and the lack of Social Security reform it is a wonder how there are still elderly Americans who can survive without extra assistance. Stephen Gross, Chief Actuary of the Social Security Administration, predicts that without major reform Social Security will be completely depleted by 2035, and senior citizens will no longer get any major aid from the U.S Government (Gross 2010, p. 111-115). Without the…

Now we know that we won’t be told everything and we need to be able to learn on our own. My goals for this semester were to CODO into FYE and to have a 3.5 GPA. These goals changed throughout the semester because I changed my idea for a major to actuary and statistics a few times, but now it is back to Civil Engineering. Also, I will most likely be able to get a 3.5 GPA with the grades in my current classes which means that I set a reachable goal. If I am able to CODO, then my goals will more…

insurance companies like BlueCross BlueShield of Illinois and Minnesota are asking anywhere from 29-51% increase in rates. (Pipes) In a recent article written by Chris Conover in Forbes, he says that it has been found by experts working for Medicare’s actuary have reported that in its first 10 years, Obamacare will boost health spending by…

Recent republican candidates running to be our next president in 2016 have taken a stand on immigration, more specific on illegal immigration. Some candidates have presented plans which are controversial and start conversations about the effeteness of their plans. These is the case of Donald Trump, currently the front runner to become the dominated candidate for the Republican Party. Trump has taken the conversation about illegal immigration to the next level in his immigration plan, which it…

Over many years of great athletes in the NFL,there have been many of questions of how severe or how the physical game play impact the player’s bodies the shiny lights and misty fog on game days what are you truly left with headaches on top of confusion bouts of rage and depression are somethings a few of the NFL retired players when the lights are off and the skies are clear retirees are left with many unanswered question that they don’t have A journal released by John J. Medina PhD.…

class, I had to complete a project from start to finish; this included surveying and sampling, organizing the data, inputting the data into R, and making my final conclusion. During my internship at the Office of Inspector General, I shadowed the actuaries as they did statistical analysis through the program RAT-STATS. This program allowed them to choose what kind of test to run, and in return, it would choose exactly which data was to be used from the large sample. It also gave test statistics.…

In order to address and improve the fiscal situation, the President of the United States Barack Obama created a commission to identify policies to improve the situation in the medium term, and to achieve sustainability over the long run. This National Commission on Fiscal Responsibility and Reform (often called Simpson-Bowles or Bowles-Simpson from the names of co-chairs Alan Simpson and Erskine Bowles; or NCFRR) came up with a draft of their lists of recommendations on how to reduce the budget…

Chronic Traumatic Encephalopathy, also known as CTE for short, is a progressive degenerative brain disease found in the brains of athletes, specifically football players. The repetitive hits to the head sustained while playing the game of football ultimately results in the degeneration of brain tissue and the build-up of an abnormal protein known as tau. Mike Webster was a famous offensive linemen for the Pittsburg Steelers who spent fourteen years in Pittsburg and his last two…