Consultants and Actuaries

Expertise

James Pranschke is a Senior Healthcare Consultant located in GRS’ Southfield, Michigan office.  During his more than 35-year career, Jim has worked extensively with insurers, employers, public sector retirement systems, underwriters, and third-party administrators.  Jim’s public sector clients have included statewide and municipal health programs in Michigan, Ohio, and Rhode Island.  Jim is a dedicated and innovative leader who helps GRS clients navigate the challenges surrounding health care program sustainability and costs.

Jim provides health care programs with actuarial and financial analysis, benefit design services, and analysis and recommendations on legislative and regulatory changes.  His experience covers actuarial pricing, group insurance plan design (medical, dental and Rx), product development, retiree health care, health care trend projections, rate filings, and analytical support during employer-union negotiations.  Jim has in-depth experience helping clients implement provisions of the Affordable Care Act (ACA), GASB accounting standards, and Michigan’s Small Group Reform Legislation of 2004.

Jim has had many professional achievements during his career.  For example, he designed a methodology to un-blend fully-insured rates to comply with Actuarial Standards of Practice (ASOP #6); developed procedures for the evaluation of self-insured program experience; and implemented major improvements in trend projection and monitoring systems, which included pharmacy and participating hospital data modeling.

Professional Designations

• Fellow,  Society of Actuaries
• Fellow, Conference of Consulting Actuaries
• Member, American Academy of Actuaries

Education

Bachelor of Science, Mathematics, Michigan Technological University