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Matthew J. Kramer, FSA, CERA, MAAA

Consulting Actuary
Brookfield, WI, US

Tel: +1 262 7963472

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Professional Designations

  • Fellow, Society of Actuaries
  • Chartered Enterprise Risk Analyst
  • Member, American Academy of Actuaries


  • Bachelor of Arts, Purdue University
  • Master of Science, Mathematics, Roosevelt University

Current Responsibility

Matt Kramer is a consulting actuary with the Chicago-Milwaukee Health Care practice of Milliman. He joined the firm in 2013.


Matt develops custom solutions to quantify risk for health care providers and health plans. He supports health care providers with strategic analysis of alternate payment models. Matt has extensive experience assisting health plans with pricing and regulatory submissions for Medicare Advantage, Medicare Part D, Medicare Supplement, individual exchange, and small group commercial products.

Matt is a Chartered Enterprise Risk Analyst. He assists insurance companies with various risk assessments, including Own Risk and Solvency Assessments (ORSAs).

Prior to joining Milliman, Matt spent several years working for two large health insurance companies where he supported contract negotiations with health care providers. He also as was involved in pricing, reserving, and forecasting for commercial lines of business in several states.

Selected Publications

  • “What is the minimum number of members required to take downside risk in a payment model for children with complex medical conditions?” Children’s Hospital Association, March 2018.
  • “CARE Award patient acuity: analysis of selection effects.” Children’s Hospital Association, August 2017.
  • “Alternate payment models for children with complex medical conditions: Key actuarial lessons from the CARE Award.” Children’s Hospital Association, December 2016.


  • Member, Health Solvency Subcommittee of the American Academy of Actuaries
  • Work at Milliman

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