Adam Barnhart
FSA, MAAA
Principal and Consulting Actuary
Brookfield, WI, US
Adam Barnhart is a principal and consulting actuary with the Milwaukee office of Milliman. He joined the firm in 2007.
Experience
Adam’s expertise is in both managed and traditional healthcare programs, with more than 12 years of experience in these areas. He has assisted various entities, including health plans, employers, and health care providers. He has helped clients with product development and pricing, experience analysis, valuation of reserves, and financial reporting.
Adam is considered a firm-wide leader in Medicare Advantage and Part D consulting. He has completed bid development for many clients.
Adam’s recent projects include:
- Assisting multiple Medicare Part D carriers with their annual bid development and strategy
- Developing a standard value-added measure for every Medicare Advantage plan for benchmark analysis
- Helping a provider develop their ACO program, including risk model evaluation, benchmarking, and reporting
Professional Designations
- Fellow, Society of Actuaries
- Member, American Academy of Actuaries
Education
- BBA, Actuarial Science, Risk Management and Insurance, and Mathematics, University of Wisconsin
Publications
Read their latest work
Article
Analysis of 2022 AEP enrollment results for Medicare Advantage plans
26 April 2022 - by Jordan Cates, Chandler Bentley, Julia M. Friedman, Adam Barnhart
Lower premiums, richer supplemental benefits, and additional flexibility help drive enrollment gains in an increasingly competitive Medicare Advantage market.
Article
Impact of H.R. 5376 phase-in for plasma therapies on Part D stakeholders
23 December 2021 - by Jake K. Klaisner, Madeleine Cline, Adam Barnhart
Costs rise for the federal government and members, but the impacts tend to be small given the limited utilization of plasma therapies relative to the size of the entire Medicare Part D program.
Article
An analysis of supplemental benefit prevalence in Medicare Advantage plans – April 2021 update
12 May 2021 - by Adam Barnhart
Home-delivered meals grew the fastest among Medicare Advantage supplemental benefits over the last year, with their prevalence increasing 10 percentage points to 60%, with all categories rising.
Article
An analysis of supplemental benefit prevalence in Medicare Advantage plans: With a focus on home-delivered meals
26 January 2021 - by Adam Barnhart
Mom's Meals, a vendor providing home-delivered meals as a service for Medicare Advantage plans, engaged Milliman to conduct an analysis on the prevalence of meal benefits in these plans.
Article
Highlights of the Medicare Advantage landscape by race and ethnicity
15 December 2020 - by Adam Barnhart, Mary Yeh
This report evaluates the general enrollment Medicare Advantage plans available to individuals of different racial and ethnic groups in the United States.
Article
Are Medicare Part D risk corridors working as expected?
30 November 2020 - by Adam Barnhart, Kevin Pierce
An induced utilization adjustment in the Part D Bid Pricing Tools shifts Part D risk sharing for some enhanced alternative plans, and this article highlights the importance and impact of this consideration along with details on how it could occur.
Article
Star rating changes: How Medicare Advantage plans react
29 October 2020 - by Adam Barnhart, Julia M. Friedman, Peter T Kissinger
This paper provides insight into benefit and premium changes made alongside revenue changing due to a star rating change and measures the change in value added through benefits and premium changes provided to beneficiaries.
Article
An analysis of supplemental benefit prevalence in Medicare Advantage plans
26 February 2020 - by Adam Barnhart
This report analyzes Medicare Advantage plan supplemental benefit offerings by year.
Article
What’s in the Part D Payment Modernization Model Request for Application: More questions than answers
08 March 2019 - by Adam Barnhart, Matthew Hayes, Nicholas Johnson, Tracy Margiott
With less than one month to respond, many details unknown, and multiple impending changes to the Part D program, the Part D Payment Modernization Model’s Request for Applications leaves more questions than answers.
Article
How will the Bipartisan Budget Act of 2018 impact Part D in 2019 and beyond?
16 February 2018 - by Adam Barnhart, Gabriela Dieguez, David R. Mike
Key changes to the Medicare Part D program will affect the donut hole in 2019, and this paper discusses the implications for stakeholders.