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13 December 2010
Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation’s largest defined benefit pension plans. In November, these plans experienced asset decreases of $8 billion and liability increases of $14 billion, resulting in a $22 billion decrease in pension funded status for the month. November’s decline in funded status follows two months of improvement and leaves the pension funding deficit at $335 billion.
12 November 2010
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation’s largest defined benefit pension plans.
27 October 2010
Results from Milliman's 2010 Group Health Insurance Survey indicate estimated premium rate increases for January 2011 renewals will average 10.2% for Health Maintenance Organizations (HMOs) and 11.7% for Preferred Provider Organizations (PPOs).
08 October 2010
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans.
17 September 2010
Milliman has been retained by several states, most visibly Nebraska and Indiana, to calculate the budget exposure for state Medicaid agencies created by the Patient Protection and Affordable Care Act (PPACA).
14 September 2010
Milliman, Inc., a premier global consulting and actuarial firm, today released the latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation’s largest defined benefit pension plans.
07 September 2010
Milliman, Inc., a leading global consulting and actuarial firm, today announced the hiring of five senior insurance consultants to meet the needs of the rapidly growing Asia-Pacific insurance markets.
02 September 2010
Milliman, Inc. today announced that U.K.-based Phoenix Group has selected the company as provider for its Actuarial Systems Transformation project.
02 September 2010
Milliman, Inc. today announced that U.K.-based Phoenix Group has selected the company as provider for its Actuarial Systems Transformation project.
12 August 2010
Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans. In July, defined benefit pension plans experienced asset increases of $32 billion and liability increases of $7 billion, resulting in a $25 billion increase in funded status.
02 August 2010
Seattle—Preliminary results from Milliman's 2010 Group Health Insurance Survey indicate premium rate increases continue to exceed the government's official rate of inflation and are higher than premium increases in recent years. The estimated January 2011 renewal increases are about 9.0% for health maintenance organizations (HMOs) and 11.0% for preferred provider organizations (PPOs). This marks the 17th time that Milliman has conducted the survey, the complete version of which will be available in late October.
13 July 2010
Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation’s largest defined benefit pension plans. In June, defined benefit pension plans experienced asset decreases of $19 billion and liability increases of $64 billion, resulting in an $83 billion deterioration in funding status.
13 May 2010
Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans. In April, defined benefit pension plans experienced asset increases of $6 billion and liability increases of $39 billion, resulting in a $33 billion deterioration in funding status.
11 May 2010
Seattle—Milliman, Inc., one of the premier global consulting and actuarial firms, announced today that average total medical spending for its "typical American family of four" reached $18,074, an increase of $1,303 over last year. The total-dollar increase is the highest in the history of this study.
20 April 2010
Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the 2010 Milliman Pension Funding Study, which analyzes the annual performance of 100 of the nation's largest defined benefit pension plans. In 2009, pensions experienced asset returns of 14.1%, compared with sponsors' expectation of 8.1%, but saw only modest funding increases overall. Despite a $112 billion improvement in market value, the pension funding deficit decreased by only $10.6 billion, leaving these 100 pensions with a shortfall of $243 billion at the end of the fiscal year. As of March 31, 2010, that shortfall had been further reduced to around $208 billion.
19 April 2010
Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced that First Choice Health Network (First Choice) will adopt Milliman MedInsight® as its healthcare data warehousing platform. First Choice is a Seattle-based physician and hospital owned company that has served Washington and the Northwest since 1985. First Choice's preferred provider organization (PPO) is recognized as the leading independent PPO network in Washington and Oregon. In addition to its leading PPO, First Choice offers Third Party Administration (TPA) services and will deploy MedInsight to support the rapid growth it has experienced in the past year.
15 April 2010
Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced it will host a free webinar on the latest aspects of the move toward mental health parity. On Thursday, April 29 at 2PM EDT, behavioral healthcare expert Steve Melek will host a 90-minute webinar to discuss compliance with the Wellstone-Domenici Mental Health Parity and Addiction Equity Act of 2008 (MHPAEA). Compliance with the Act is required for plan renewals on or after July 1, 2010, a few short months from now.
27 March 2010
Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today announced an initiative focused on providing meaningful insight that can help healthcare stakeholders effectively navigate healthcare reform.
09 March 2010
Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans. In February, pensions experienced asset increases of $10 billion and liability decreases of $1 billion, resulting in an $11 billion increase in funding status. The relatively static month on the liability side emphasizes the crucial role interest rates will play in any return to full funding.
22 February 2010
Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released results from a study of physician professional liability in the State of Illinois. A Feb. 4 decision by the Illinois Supreme Court overturned caps on non-economic damages awarded to claimants. This change in the tort law is likely to have financial implications for insurers in Illinois. Indemnity claim severities will increase by approximately 23% and the average cost that insurers expend defending claims will increase by 10%, relative to what these costs would have been had the cap held. The average overall increase in claim severity will be approximately 18%.
19 January 2010
Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the latest update to the Milliman 100 Pension Funding Index, which consists of 100 of the nation’s largest defined benefit pension plans. In December, pensions experienced asset increases of $5 billion and liability decreases of $32 billion, resulting in a $37 billion increase in funding status. December was the second consecutive month of improvement after six months of declining funding status. Overall, pension funding declined $31 billion during 2009. The funded ratio at the end of December stood at 77.7%, compared to 78.3% at the end of 2008.