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Julia M. Friedman, FSA, MAAA, FCA

Consulting Actuary
Brookfield, WI, US

Tel: +1 262 7842250

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Professional Designations

  • Fellow, Society of Actuaries
  • Member, American Academy of Actuaries
  • Fellow, Conference of Consulting Actuaries


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

Current Responsibility

Julia Friedman is a consulting actuary with the Milwaukee office of Milliman. She joined the firm in 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 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 is a key team member in the development of the Milliman MACVAT and MACBOX tools.

Julia’s primary area of expertise is consulting with organizations who operate in the Medicare Advantage program. Specifically, she has developed over 200 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 works with EGWPs to help them understand the implications of proposed rate changes on these plans as well.

She has also assisted health plans in strategic planning, benefit design and analysis, product development, risk adjustment, experience to fee-for-service level comparisons, profit and loss analyses, and feasibility analyses.

Publications and Presentations

  • Medicare Advantage Uniformity Flexibility benefit offerings. Milliman Insight.
  • State of the 2018 Medicare Advantage Industry: Stable and Growing. Milliman Insight
  • Medicare Advantage Star Ratings: Expectations for New Organizations, SOA HealthWatch, June 2018, and Milliman Insight.
  • Value Based Approach for the Medicare Advantage Market. 2017 SOA Health Meeting.
  • MedPAC’s Proposed Changes to Medicare Part D: Impacts of Various Part D Stakeholders. Milliman Insight.
  • 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.
  • ACA Health Insurer Fee: Estimated Impact on the U.S. Health Insurance Industry. Milliman Insight.
  • Additional available upon request
  • Work at Milliman

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