From Lake Tahoe, Zephyr market strategist Ryan Nauman welcomes Adam Schenck, managing director of fund services at Milliman Financial Risk Management, to discuss the accelerating burden of healthcare inflation on retirees, workers, employers, and advisors. Schenk outlines Milliman’s actuarial roots and key research, including the Milliman Medical Index showing a 7.9% annual cost increase for an individual corporate plan (from $7,838 to $8,460) and the Retiree Health Cost Index estimating 2025 retirees need $275,000 (male), $313,000 (female), or $588,000 per couple to cover lifetime healthcare costs. He explains why healthcare inflation has outpaced CPI and introduces Milliman’s Healthcare Inflation Guard and Healthcare Inflation Plus ETFs, which seek to track or exceed healthcare cost inflation using healthcare equities, a gold diversifier, and a Treasury “ballast,” supported by Milliman’s claims data and a HealthView planning tool.

Zephyr can help financial advisors locate the best ETF strategies for their clients. Learn more here.
Learn more about Milliman here.

00:00 Podcast Kickoff
01:18 Meet Adam Schenck
04:57 Milliman Health Research
09:21 What The Data Means
12:56 Saving For Healthcare
16:12 Why Launch The ETFs
23:06 Inside The Strategy
29:09 How It Differs
33:08 Advisor Planning Tools
36:39 Use Cases And Wrap Up

Connect with Ryan Nauman: LinkedIn
X