Phil’s areas of expertise include Medicare Advantage (MA) and pharmacy consulting. Phil specializes in the MA and Part D markets with a focus on MA bid submission and Star Rating strategy. Phil has led both medical and prescription drug pricing during the bid development process for numerous MA Organizations. He provides his clients strategic support and has assisted clients with understanding items, such as the impact of formulary changes, legislative proposals, plan benefit designs, provider network arrangements, risk score impacts, opportunities to increase Star Ratings, and potential new plan offerings and service area expansions. Within the pharmacy space, Phil has experience working with pharmacy benefit managers and pharmaceutical manufacturers. He has evaluated the impacts of proposed legislative changes on pharmacy supply chain stakeholders and has assisted in pharmacy rate setting processes. Phil also contributes to firmwide research and has led the development of Milliman’s prescription drug Health Cost Guidelines (Rx HCGs) and Medicare Part D trend research.
Publications and Presentations
Presentations
Medicare Advantage Benefits & Premiums and Strategies Going Forward. 2023 SOA Health Meeting. June 2023.
CY 2024 Medicare bidding hot topics. Milliman Medicare Webinar. April 2023.
Overview of the 2024 Notice, 4th Annual National MA Summit Conference by VMA Global Events. April 2023.
Member Switching Behaviors and How to Increase Your Retention Rate. 14th Annual Medicare Market Innovations Forum by Strategic Solutions. March 2023.
Publications
Star Rating changes: How regional Medicare Advantage plans react. April 2024.
The future is now: 2024 Star Ratings release. October 2023.
Average annual beneficiary health care costs for various Medicare coverage options 2023. September 2023.
Is the Part B premium buydown here to stay? 2023 landscape and considerations for 2024. April 2023.
Professional Designations
Fellow, Society of Actuaries
Chartered Enterprise Risk Analyst
Member, American Academy of Actuaries
Education
BBA, Actuarial Science and Risk Management & Insurance, University of Wisconsin-Madison
30 July 2025 - by Katherine M. Holcomb, Jake K. Klaisner, Philip Nelson, Ivanna Ulin
340B disproportionate share hospitals consistently have higher drug costs across commercial and Medicare plans, according to our latest study on this population.
27 September 2023 - by David R. Mike, Philip Nelson, Brad Schliesmann
We estimate that beneficiaries under Medicare Advantage will incur annual costs of $3,396 vs. $5,597 for those in comparable fee-for-service and prescription drug plans.
26 April 2023 - by Philip Nelson, Jeremy Hamilton, Ali M. Heinrich
Medicare Part B buydowns can significantly impact financial performance, so plans must effectively evaluate whether to offer the subsidy, and at what level.
19 April 2023 - by Kevin Pierce, Philip Nelson, Alex Cires, Sam Shellabarger
Join our presenters Kevin Pierce, Alex Cires, and Philip Nelson as they highlight some of the hot topics for Medicare Part C and D bid development in advance of the 2024 bid deadline.