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Healthcare cost trends remain a cornerstone of actuarial practice and forecasting for employer-sponsored health plans. This session will examine recent and emerging healthcare drivers of medical and prescription drug trends using data and methodologies drawn from two research efforts focusing on projecting trends and total cost of care.
Topics include:
• Identifying and interpreting medical and pharmacy trend drivers
• Assessing utilization shifts across service categories • Evaluating the influence of inflation and other factors in projecting future costs, as well as an examination of available data sources
• Benchmarking total cost of care to reflect market-wide pressures on employers and employees
Participants will gain a deeper understanding of how to apply trend information in pricing, monitoring, and strategic decision-making work across employer and payer settings.
Presenter(s)
Daniel P. Mulhern, FSA, MAAA
Milliman
Rachel Madden, FSA, CERA, MAAA
Associate Actuary
Milliman Inc
Liam Kussman, ASA, MAAA
Associate Actuary
Milliman Inc
Moderator(s)
Marilyn M. McGaffin, ASA, MAAA
Pan-American Life Insurance Co