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Share this article Share this article SEATTLE, Jan. 21, 2021 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the fourth quarter 2020 results of its Public Pension Funding Index (PPFI), which consists of the nation's 100 largest public defined benefit pension plans. Public pensions had a stellar final quarter of 2020, with the funded status of the Milliman 100 plans increasing from 72.6% at the end of September to 78.6% as of December 31. This funded ratio is the highest recorded in the history of Milliman's Public Pension Funding Study and mark...

To embed, copy and paste the code into your website or blog: On November 30, 2020, the U.S. Department of Health and Human Services (“HHS”) Office of Inspector General (“OIG”) published a final rule (“Final Rule”) that removes safe harbor protection under the discount safe harbor to the federal Anti-Kickback Statute (“AKS”) for certain pharmaceutical rebates and creates two new safe harbors governing certain pharmaceutical manufacturer price reductions at the point of sale (“POS”) and certain pharmacy benefit manager (“PBM”) service fees.[1] While the new safe harbors ...

Milliman announces Bret Linton as Global Employee Benefits Practice Director Linton, who succeeds Jeff Budin, will lead the firm's expanding employee benefits practice News provided by Share this article Share this article SEATTLE, Jan. 14, 2021 /PRNewswire/ -- Milliman, Inc., one of the premier global consulting and actuarial firms, today announced Bret Linton has been elected as the firm's Global Employee Benefits Practice Director. Linton succeeds Jeff Budin, who is retiring after five years in the role. "Bret is an ideal leader for our EB Discipline as we look to grow our actuarial and...

New Cigna Study Shows Integrated Medical, Pharmacy and Behavioral Benefit Design Delivers Better Health Outcomes and Improves Affordability - Annual cost savings greater than $6,700 for patients with an oncology diagnosis. - Connecting physical and mental health delivers better engagement, outcomes, and lowers costs. News provided by Share this article Share this article BLOOMFIELD, Conn., Jan. 12, 2021 /PRNewswire/ -- Taking a whole-person approach to health by integrating Cigna medical, pharmacy and behavioral benefits drives better health engagement, outcomes and lowers total health care ...

Share this article Share this article SEATTLE, Jan. 8, 2021 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the year-end results of its latest Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. In 2020, corporate pension funding ended down $50 billion for the year, with the funding ratio dropping from 89.8% at the end of 2019 to 88.2% as of December 31, 2020. Plan assets outperformed expectations, posting an annual return of 11.72% and a gain of $125 billion. But record-low discount rates resulted in plan ...