Michael Berman
AON Consulting & Insurance Services
Michael Berman is the Assistant Vice President at Aon Consulting. He is an experienced group health actuary with over 10 years of broad insurance and consulting experience. Mr. Berman has extensive expertise in the areas of pharmacy, medical, and disability products. His consulting experience has been focused on meeting the group benefits needs of large employer groups: consulting engagements has been in the areas of pricing, plan design, and vendor bidding and selection. Mr. Berman is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries. (This is me - Update Profile)
| 2006 - present | Assistant Vice President AON Consulting & Insurance Services |
|---|---|
| 2004 - 2006 | Associate Hewitt Associates |
| 2002 - 2004 | Actuary Coventry Healthcare |
| 1996 - 2002 | Actuary CIGNA |
GLG Study Groups with Michael Berman(?)
| Study Group Name | Members |
|---|---|
| Group Life & Health Insurance Experts: Actuarial Consultants | 34 |
| Employee Benefits Experts | 267 |
| Preventative and Wellness Program Economic Experts | 29 |
| Actuaries | 179 |
GLG NewsSM
Analyses by Michael Berman(?)
The United States has very limited price transparency for medical providers and facilities. The lack of price transparency artificially raises costs in the United States because there is very little price competition for services. This is true even in areas where there is excess capacity.
Contingent commissions, if not disclosed, can result in brokerage clients not knowing how much they are paying for the services they receive from their risk brokers. A commission should be viewed as just an alternative to fee-based consulting. In theory the amount of commissions received should...
It is universal that the mail order distribution channel has lower generic utilization than the retail channel. PBM pricing is always better for mail order scripts versus retail. In addition, plan design is a major component of net claim costs.
Outsourcing won't work well until the Indian outsourcing firms develop the core competencies of key insurance operations.
GLG InstituteSM Seminars with Michael Berman(?)
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