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Julia M. Friedman, FSA, MAAA, FCA

Brookfield, WI, US

Tel: +1 262 7963479

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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, 2009

Current Responsibility

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


Julia has consulted with a wide variety of organizations in her time with Milliman. Her area of expertise is managed healthcare programs, including Medicare Advantage (Parts C and D) and Medicaid. She has also assisted organizations in developing capitation rates, performing benefit analyses, developing premium rates, estimating the impact of legislation reform, estimating reserves and liabilities, and making general actuarial projections. She also is a key team member in the development of the Milliman MACVAT and MACBOX tools.

Julia has developed over 100 Part C and Part D bids for Medicare Advantage health plans, ranging from small to mid-size mature MA organizations, as well as developing specific PDP bids. Julia has also worked with EGWPs on the implications of proposed rate changes on these plans.

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

Publications and Presentations

  • 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