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806 Matching News Items

1.  2017 Milliman Medical Index
Milliman Link to more items from this source
May 16, 2017
"In 2017, the cost of healthcare for a typical American family of four covered by an average employer-sponsored preferred provider organization (PPO) plan is $26,944, according to the Milliman Medical Index (MMI).... The MMI's annual rate of increase is 4.3%.... Prescription drug trends are lower, but still high.... Employees pay a bigger piece of the healthcare cost pie."
2.  2022 Milliman Medical Index
Milliman Link to more items from this source
May 25, 2022
13 pages. "In 2022, the cost of healthcare for a hypothetical American family of four covered by an average employer-sponsored preferred provider organization (PPO) plan is $30,260 ... Healthcare costs came roaring back with a 13.2% trend.... This rate, driven by a forecasted rebound in healthcare utilization, is higher than historical healthcare cost increases and gross domestic product (GDP) growth over the past five years."
3.  2014 Milliman Medical Index
Milliman Link to more items from this source
May 21, 2014
"$23,215. That's how much is spent in 2014 on healthcare for a typical American family of four covered by an average employer-sponsored health plan ... And yet while the amount has more than doubled over the past 10 years, growing from $11,192 to $23,215, the 5.4% growth rate from 2013 to 2014 is the lowest annual change since the MMI was first calculated in 2002. Employers pay the largest portion of healthcare costs, contributing $13,520 per year, or 58% of the total. However, increasing proportions of costs have been shifted to employees."
4.  2012 Pension Funding Study, by Milliman
Milliman Link to more items from this source
Mar. 29, 2012
"As expected, declining discount rates in 2011 (including a historic year-end low of 4.80%) drove the pensions of the Milliman 100 companies to a record year-end 2011 funding deficit of $326.8 billion -- a $94.7 billion increase over the year-end 2010 funding deficit of $232.1 billion. It is the largest deficit in the 12-year history of the Milliman Pension Funding Study."
5.  2011 Milliman Medical Index
Milliman Link to more items from this source
May 23, 2011
The 2011 MMI cost is ... 7.3% over 2010. Even though the rate of increase is slowing from prior years, it has taken fewer than nine years for such costs to more than double. In 2002, the cost of healthcare for the typical family of four was $9,235.
6.  Milliman 100 Pension Plans Lose $9 Billion in September
Market Digest Link to more items from this source
Oct. 13, 2008
Excerpt: Milliman, Inc., one of the premier global consulting and actuarial firms, today released the first of what will be a monthly update to the Milliman 100 Pension Funding Index. During the financially volatile month of September, the assets of the Milliman 100, which includes the 100 largest corporate defined benefit pension plans, dropped by more than $78 billion in value.
7.  Milliman Pension Buyout Index, December 2023
Milliman Link to more items from this source
Dec. 20, 2023
"Estimated competitive retiree buyout cost, as a percentage of accounting liability, decreased by 10 bps from 101.9% to 101.8% during November."
8.  Milliman Pension Buyout Index, February 2023
Milliman Link to more items from this source
Feb. 27, 2023
"Estimated competitive retiree buyout cost, as a percentage of accounting liability, decreased by 90 bps from 100.2% to 99.3% during January."
9.  Milliman Pension Buyout Index, January 2023
Milliman Link to more items from this source
Jan. 27, 2023
"Estimated competitive retiree buyout cost, as a percentage of accounting liability, decreased by 70 bps from 101.0% to 100.3% during December ... [T]he competitive bidding process is estimated to save plan sponsors on average around 2.5% as of December 31.... [R]etirees can be annuitized for an estimated 100.3% of accounting liabilities (accumulated benefit obligation)."
10.  Milliman Pension Funding Index, December 2022
Milliman Link to more items from this source
Dec. 8, 2022
"The funded status of the 100 largest corporate defined benefit pension plans decreased by $17 billion during November ... A decrease in the benchmark corporate bond interest rates used to value pension liabilities led to an increase in plan liabilities, representing a loss of $76 billion for the month.... As of November 30, the funded ratio dipped to 111.2%, down from 113.3% at the end of October, and the funded status surplus decreased to $151 billion."
11.  Milliman Pension Buyout Index, November 2022
Milliman Link to more items from this source
Nov. 17, 2022
"Estimated competitive retiree buyout cost, as a percentage of accounting liability, increased by 70 bps from 100.1% to 100.8% during October."
12.  Milliman Pension Buyout Index, October 2022
Milliman Link to more items from this source
Oct. 27, 2022
"Estimated competitive retiree buyout cost, as a percentage of accounting liability, increased by 320 bps from 96.9% to 100.1% during September"
13.  Milliman Pension Buyout Index, September 2022
Milliman Link to more items from this source
Sept. 19, 2022
"During August 2022, average accounting discount rates increased by 43 basis points (bps), while competitive annuity purchase rates increased by 58 bps. This caused the estimated competitive retiree buyout cost as a percentage of accounting liability to decrease from 98.0% to 96.9%."
14.  Milliman Pension Buyout Index, August 2022
Milliman Link to more items from this source
Aug. 22, 2022
"Estimated competitive retiree buyout cost, as a percentage of accounting liability, decreased by 30 bps from 98.3% to 98.0% during July."
15.  Milliman Pension Buyout Index, June 2022
Milliman Link to more items from this source
June 24, 2022
"[T]he competitive bidding process is estimated to save plan sponsors on average around 3.9% as of May 31.... During May 2022, average accounting discount rates increased by one basis point (bps), while competitive annuity purchase rates decreased by 11 bps. This caused the estimated competitive retiree buyout cost as a percentage of accounting liability to increase from 97.7% to 98.6%."
16.  Milliman Pension Buyout Index, April 2022
Milliman Link to more items from this source
Apr. 26, 2022
"Estimated competitive retiree buyout cost, as a percentage of accounting liability, decreased by 60 bps from 98.9% to 98.3% during March.... [T]he competitive bidding process is estimated to save plan sponsors on average around 4.2% as of March 31."
17.  Milliman Accused of Failing to Prune Bad Investments from 401(k)
PLANSPONSOR; free registration may be required Link to more items from this source
Jan. 16, 2022
"The proposed class action lawsuit accuses the defendants of failing to prudently monitor the plan's investments and failing to remove three of the plan's 'poorly performing investment options.'... It says that by the end of 2013, Milliman's plan was the sole investor in the conservative and moderate funds and represented about 97% of assets in the aggressive fund." [Mattson v. Milliman, No. 22-0037 (W.D. Wash. complaint filed Jan. 13, 2022)]
18.  2019 Milliman Medical Index (PDF)
Milliman Link to more items from this source
July 25, 2019
12 pages. "[C]osts grew by only 2.9% from 2017 to 2018, and then by a moderately higher 3.8% from 2018 to 2019.... [D]rug costs ... increased by approximately 4.5% from 2017 to 2018, and then by only 2.1% from 2018 to 2019.... From 2018 to 2019, ... employer versus employee contribution rates have grown at similar rates, 3.6% versus 4.0%, respectively."
19.  2018 Milliman Medical Index (PDF)
Milliman Link to more items from this source
May 22, 2018
12 pages. "In 2018, the cost of healthcare for a typical American family of four covered by an average employer-sponsored preferred provider organization (PPO) plan is $28,166, according to the Milliman Medical Index (MMI).... The MMI increased by $1,222 from 2017 to 2018.... At 4.5%, the MMI's annual rate of increase is nearly the lowest in 18 years.... Prescription drug trends are down for the third consecutive year.... [In 2018, employee expenses increased] by 5.9% while employer expenses increased by only 3.5%."
20.  2016 Milliman Medical Index: Who Cooked Up This Expensive Recipe? (PDF)
Milliman Link to more items from this source
May 24, 2016
"The cost of care for the typical American family of four has more than tripled since its value of $8,414 in 2001.... [E]ven at 4.7%, which is the lowest annual increase since ... 2001, the rate of increase is still well above growth in the consumer price index (CPI) for medical services, and far surpasses the average 2% annual increase in median household income between 2004 and 2014.... At $11,033, the employee's total cost increased by 5.3% from 2015, while the employer's cost increased 4.2%.... Prescription drugs, the most rapidly growing MMI component, are nearly 17% of total healthcare spend."
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