Edward M. Pudlowski


Fellow of the Conference of Consulting Actuaries (FCA)

Member of the American Academy of Actuaries (MAAA)

Associate of the Society of Actuaries (ASA)

President of the Conference of Consulting Actuaries (CCA)

Steering Committee Leader for the Healthcare Community of the CCA

Committee Member of the International Actuarial Association (IAA)

Health Section 


Ed has more than 30 years of experience developing human resource philosophies and supporting strategies to improve employer’s return on their investment in human capital.  Ed has developed unique solutions for employee and retiree benefits plans, including issues resulting from the health care reform since the enactment of the Affordable Care Act (ACA) and subsequent legislative and regulatory changes.  Ed has been at the forefront of helping employers manage the changes required as a result of the ACA and has been requested by the IRS in their efforts to administer the ACA to offer his insights into how employers deliver health care benefits. 

Prior to founding MorningStar Actuarial Consulting, Ed was Chief Operating Officer and Chief Consulting Officer with American Fidelity Administrative Services, LLC where he drove employee benefit compliance and consulting solutions for public entities and school districts across the country. He was also a Partner with Ernst & Young where he led the employer strategy task force on Health Care Reform and consulted with Fortune 500 clients on their employee benefit plans. Ed also worked for two large employee benefit consulting firms (Mercer and Buck Consulting) where he drove employee benefit solutions for large employers (including Fortune 500 employers), unions, and large public entities.   Ed started his career as the Assistant Actuary for a large health insurance company. His most recent experience at an insurance company as well as at the start of his career give him unique insights into health care that are difficult to obtain working in the consulting field alone.   

Ed is a frequent speaker on health care reform and other health and welfare plan issues and has published several articles in national business magazines covering health care reform, financial risk in human resources and quality in health care. Ed holds a BS in Applied Mathematics from Indiana University of Pennsylvania and a minor in Computer Science.  He is an Associate of the Society of Actuaries, a member of the American Academy of Actuaries, and a Fellow of the Conference of Consulting Actuaries (CCA).  Ed is President of the CCA’s Board of Directors and leads its Healthcare Community.  He also participates on the North American Actuarial Council and serves on the board of the  International Actuarial Association Health Section (IAAHS)


L.J. (Mac) McCarthy

Chief Strategy Officer   


Fellow of the Conference of Consulting Actuaries (FCA) 

Member of the American Academy of Actuaries (MAAA) 

Fellow of the Society of Actuaries (FSA) 



Mac combines the discipline of actuarial science with extensive experience and a reputation for integrity to help employers, health plans and researchers find innovative solutions to health and welfare issues.   

He has over 40 years of health and welfare actuarial experience, with over 30 years advising employers and plans on the development and financial management of innovative programs.  Since 2008, much of his focus has been on U.S. healthcare reform, as it is expressed in legislation as well as more fundamental reform.  Beyond that, Mac's specialties include healthcare claim data analysis, wellness and disease management programs, multi-option benefit programs, and innovations in healthcare programs.   

Mac currently sits on the Conference of Consulting Actuaries Healthcare Steering Committee, which he initiated.  In 2011, Mac received the CCA's Most Valuable Volunteer award, specifically for his contributions in the area of actuarial aspects of healthcare reform.   He is also on a number of committees addressing the future of healthcare and healthcare reform within the American Academy of Actuaries and the Society of Actuaries.  He is a regular speaker at national actuarial meetings as well as other forums.   

Prior to joining MorningStar Actuarial Consulting, he founded McCarthy Actuarial Consulting in 2009.  Before that, Mac was a principal and national resource at Mercer Health & Benefits and held a variety of group actuarial and administration positions at two insurance companies.   

Mac received a BS in mathematics from the Illinois Institute of Technology.  He is a Fellow of the Conference of Consulting Actuaries, a Member of the American Academy of Actuaries, and a Fellow of the Society of Actuaries.  .