Jason J. Petroske
Jason is a principal and consulting actuary with the Milwaukee office of Milliman. He joined the firm in 2013.
Experience
Jason's primary area of focus is assisting commercial health plans with pricing, state insurance department rate filings, experience analysis, and financial modeling. He has worked extensively with Affordable Care Act (ACA) regulations and, in particular, the Federal Risk Adjustment program and risk transfer model.
He has led many ACA research initiatives and modeling projects in his time at Milliman, including designing and building the firm’s commercial medical coding and EDGE submission tools and the firm-wide ACA financial accrual projection model, among others.
Additionally, he has supported various issuers with forecasting and building pro forma financial statements. He has also assisted health plans with annual statements of actuarial opinion regarding statutory liabilities.
Before joining Milliman, Jason worked for nearly nine years at a major health insurer in the Milwaukee area. As Director of Enterprise Risk Management, he coordinated various analyses and projections for the company’s main business units, such as claims processing, sales, and customer service and retention. His other responsibilities included general experience analysis and building and maintaining the firm’s individual and small group financial forecasting models.
- When adverse selection isn’t: Which members are likely to be profitable (or not) in markets regulated by the ACA? (Milliman Research Report, December 2013)
- Sizing up ACA risk adjustment volatility: How the interplay between risk adjustment and issuer size affects profitability under the ACA. (Milliman Research Report, June 2016)
- On second thought: Initial insights from year two of the ACA risk adjustment program. (Milliman Research Report, August 2016)
- Taking the EDGE off: Minimize stress while maximizing ACA risk adjustment through EDGE server best practices (Milliman Insight, August 2016)
- The “Risk” of adjustments in 2018 ACA risk adjustment. (Milliman Insight, August 2017)
- ACA risk adjustment management: Going all-out. (Milliman Insight, December 2017)
- ACA risk adjustment management: Higher “EDGE-ucation." (Milliman Insight, December 2017)
- ACA risk adjustment management: Cracking the code. (Milliman Insight, December 2017)
- ACA risk adjustment management: Time to keep score. (Milliman Insight, December 2017)
- A breakdown of ACA risk adjustment validation. (Milliman Insight, October 2019)
- A look behind the curtains: A review of the debut of the ACA’s risk adjustment data validation program. (Milliman Insight, February 2020)
- Changing with the times: The past and the future of ACA Risk Adjustment. (Health Watch, June 2020)
- Estimating ACA risk transfers: It’s a tough job, but someone has to do it. (Milliman Insight, February 2021)
- Fellow, Society Actuaries
- Member, American Academy of Actuaries
- BS, Applied Mathematical Economics, Marquette University