title: Discounting medical malpractice claim reserves for self-insured hospitals.
abstract: The hospital CFO often works with the hospital's actuary and external auditor to calculate the reserves recorded in financial statements. Hospital management, usually the CFO, needs to decide the discount rate that is most appropriate. A formal policy addressing the rationale for discounting and the rationale for selecting the discount rate can be helpful to the CFO, actuary, and external auditor.
authors.affiliation: Milliman, Chicago, USA. richard.frese@milliman.com
authors.forename: Richard
authors.initials: R
authors.lastname: Frese
authors.forename: Patrick
authors.initials: P
authors.lastname: Kitchen
mesh_terms: D004469:Economics, Hospital / Q000458:organization & administration*; D007351:Insurance, Liability; D008318:Malpractice / Q000191:economics*; D014481:United States