Latest Milliman Inc. Stories
Study administered by Milliman, Inc. examines Affordable Care Act's impact on insurance premiums WASHINGTON, May 22, 2013 /PRNewswire-USNewswire/ -- Today, Center Forward announced it would hold an event Thursday, May 30(th), at the National Press Club to release a study on the Affordable Care Act's (ACA) impact on insurance premiums. Participating in the event will be Doug Holtz-Eakin, President of the American Action Forum, former North Dakota Democratic Congressman Earl Pomeroy...
Milliman Medical Index indicates healthcare costs for a family of four increased by 6.3% in 2013 SEATTLE, May 22, 2013 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2013 Milliman Medical Index (MMI), which measures the healthcare costs for a typical American family of four receiving healthcare benefits through an employer-sponsored preferred provider organization (PPO) plan. The cost of care for this typical family...
New version prepares clients for principles-based reserves SEATTLE, April 1, 2013 /PRNewswire/ -- Milliman, Inc., the international firm of consultants and actuaries, today announced the release of Version 9.0 of the MG-ALFA system. This release provides full support for the requirements of VM-20, which is becoming a critical issue for insurers as the regulation moves closer to adoption. This release includes support for all three components of the VM-20 reserve calculation,...
Year-end discount rates fell to a record low of 4.02%, increasing pension funding deficits for the Milliman 100 companies by $61.1 billion and resulting in a record year-end deficit of $388.8 billion SEATTLE, March 25, 2013 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its 2013 Pension Funding Study, which analyzes the 100 largest US corporate pension plans. In 2012, these pension plans were once again defined by...
QualCare to use MedInsight for plan analytics and ACO strategy SEATTLE, Feb. 26, 2013 /PRNewswire/ -- Milliman, Inc., one of the premier global consulting and actuarial firms, today announced that QualCare, Inc. has implemented MedInsight® as its data warehousing and claim analytic platform. QualCare will use MedInsight to help with a variety of analytic reporting needs including health plan analysis and ACO reporting. "QualCare chose the MedInsight system from Milliman due to its...
SEATTLE, Jan. 7, 2013 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index, which consists of 100 of the nation's largest corporate defined benefit pension plans. In December, these pensions experienced a $54 billion increase in funded status based on a $46 billion decrease in the pension benefit obligation (PBO) and a $8 billion increase in assets. The $54 billion improvement in December follows...
SEATTLE, Dec. 12, 2012 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today announced the rollout of PlanAhead(TM), unique tools and targeted services to take employee retirement planning to the next level. Included in the suite of services is PlanAhead for Retirement®, a powerful participant web application that serves as a single destination for all of a participant's retirement planning and investing activities. This tool allows participants to...
FRANKLIN LAKES, N.J., Dec. 10, 2012 /PRNewswire/ -- A new study, published online today by the peer-reviewed journal American Health & Drug Benefits, reveals the significant national burden that harmful medication errors, also called preventable adverse drug events (ADEs), associated with injectable medications have on hospitals, patients, and our healthcare system. Results show that preventable ADEs associated with injectable medications cost an average of $600,000 per hospital...
SEATTLE, Nov. 7, 2012 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans. In October, these pensions experienced a $45 billion decrease in funded status based on a $43 billion increase in the pension benefit obligation (PBO) and a $2 billion decrease in assets. The $45 billion decrease wipes out September's...
SEATTLE, Oct. 15, 2012 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released its first Public Pension Funding Study, which consists of 100 of the nation's largest public defined benefit pension plans. The study offers an aggregate analysis of these 100 public pensions and their funded status. The study complements Milliman's corporate Pension Funding Study, which is now in its 12(th) year. During the past year, these 100 public pensions...
