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Julia M. Friedman, FSA, MAAA

Brookfield, WI, US

Tel: +1 262 7963479

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Professional Designations

  • Fellow, Society of Actuaries, 2014
  • Member, American Academy of Actuaries, 2011


  • BBA (Actuarial Science; Risk Management & Insurance), University of Wisconsin, 2009

Current Responsibility

Julia is an actuary with the Milwaukee office of Milliman. She joined the firm in March 2010.


Julia has served many types of organizations in her time with Milliman. Her areas of expertise are managed healthcare programs, including Medicare Advantage (Parts C and D) and Medicaid. She has also assisted organizations with capitation rate development, benefit analysis, premium rate development, estimation of the impact of legislation reform, estimation of reserves and liabilities, and general actuarial projections. In addition, she also is a key team member in the development of the Milliman MACVAT and MACBOX tools.

Medicare Advantage Experience

Julia’s primary area of expertise is consulting with organizations who operate in the Medicare Advantage program. Specifically, she has developed more than 100 Part C and Part D bids for a number of Medicare Advantage health plans, ranging from small to mid-size mature Medicare Advantage organizations, as well as PDP specific bid development. She has also assisted health plans in strategic planning, benefit design, product development, profit and loss analyses, and feasibility analyses.

Medicaid Consulting Experience

Julia has spent significant time over the first few years of her career working for public healthcare program organizations. Her experience includes assisting in developing Medicaid capitation rates for managed care organizations (MCOs) for the states of Minnesota, Wisconsin, and Mississippi.

In addition to developing the rates, she prepares analyses to respond to Medicaid MCO concerns regarding capitation rates and has assisted in the development of risk adjustment methodologies for public programs to rely upon.

Publications and Presentations

  • Bonus! The ACA reduced Medicare Advantage benchmark payment rates…How much have Medicare Advantage organizations earned back through quality bonus payments?, The Actuary April/May 2016
  • State of the 2016 Medicare Advantage Industry: Changes as a Result of Continued Rate Pressure, Milliman Insight (co-author)
  • ACA Health Insurer Fee: Estimated Impact on the U.S. Health Insurance Industry, Milliman Insight (co-author)
  • Additional available upon request
  • Work at Milliman

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