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Federal law says the chief actuary shall follow "professional standards of actuarial independence" and can be removed from his job "only for cause".
"In a plan that is not well funded, I wouldn't recommend it," said Norm Jones, chief actuary for Gabriel Roeder Smith & Company, an actuarial firm that helps Illinois and a number of other states that have adopted the method.
Even their own chief actuary at Medicare backs this up.
Medicare's chief actuary was told not to answer congressional questions on pain of dismissal.
But Mr. Seeling, the agency's chief actuary, knew that wasn't necessarily right.
Under federal law, the chief actuary has an unusual degree of autonomy.
Chief Actuary of Horizon, Blue Cross/Blue Shield of New Jersey.
Federal law says the chief actuary "may be removed only for cause".
"Dividends are a look back," said Gary Grant, State Farm's chief actuary.
To his credit, Richard S. Foster, the chief actuary for Medicare and Medicaid services, has made his own position clear.
The chief actuary for Medicare estimates that 15 percent to 30 percent of health care expenditures are wasteful.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com