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Catherine M. Murphy-Barron, FSA, MAAA

Principal, Consulting Actuary
New York, NY, US

Tel: +1 646 4733000

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Professional Designations

  • Fellow, Society of Actuaries
  • Member, American Academy of Actuaries


  • B Commerce, University College Galway, Galway, Ireland
  • MBA, Rutgers Business School Rutgers, The State University of New Jersey

Current Responsibility

Cathy is a consulting actuary in the New York office of Milliman. She joined the firm in 1991.


Cathy focuses primarily on health insurance and managed care consulting. Her clients include Blue Cross/Blue Shield plans, HMOs, commercial insurers, healthcare providers, educational institutions, and pharmaceutical companies. Cathy also works with Medicare and Medicaid programs.

Cathy's experience includes assisting clients with pricing, benefit plan design, cost projections, risk analysis, and claim liability estimates. She helps clients with reimbursement and incentive system development, including capitation, pay for performance, and other incentive arrangements. Cathy also assists clients with their regulatory filings and experience analysis.

Recently Cathy has been spending a large portion of her time helping her clients navigate changes as a result of the Patient Protection and Affordable Care Act.

Cathy's recent consulting assignments have included the following:

  • Pricing of plans for both Federal and State Health Benefit Exchanges.
  • Development of a case rate/risk sharing payment methodology for a group of hospitals.
  • Financial feasibility study for a Managed Medicaid Plan.
  • Review and appraisal of a health plan.
  • Dual Eligible Medicare Advantage Part D Special Needs Plan premium filing.
  • Analysis of the impact of risk adjustment under the Affordable Care Act.

Presentations and publications

Cathy is a frequent speaker at Society of Actuaries and other professional and industry meetings. She has also published a number of papers and articles on various healthcare topics.


  • Cathy is currently Vice President, Health, of the American Academy of Actuaries and chairperson of the American Academy of Actuaries' Health Practice Council.
  • Work at Milliman

    • “I was offered a chance to come in, shake things up, create something."
    Work at Milliman