Alumni Awards
Distinguished Alumni Award - Richard Foster ’71
Is
there any hotter question today than, “What is the financial status
of Medicare and Medicaid?” The person perhaps most capable of answering
the question is Richard Foster ’71, chief actuary of the Centers
for Medicare and Medicaid Services.
Foster, who has held the position since 1995, answers the burning question
with crisp professionalism: “The bottom line is that the outlook
is not good and it needs legislative attention.”
A year ago, Foster found himself leading a battle to ensure that legislators
of both political parties have access to the information provided by the
Office of the Actuary. Historically an independent and bipartisan organization,
his office was pressured to release only information that supported upcoming
Medicare legislation. His direct supervisor threatened Foster that speaking
to the “wrong” party with the “wrong” information
was grounds for firing. Foster’s public protests and Congressional
testimony were central to investigations by the Office of the Inspector
General and General Accountability Office, which concluded that the agency
head (who has since resigned) had acted inappropriately and against the
public interest.
Foster is graciously diplomatic as he looks back on the past year. “There
will always be political pressure, and sometimes it’s worse than
others,” he says. “But the whole experience reminded a lot
of people that my office has always been independent and non- partisan — and
why that’s important.”
Foster, who previously served as deputy chief actuary for the Social
Security Administration, was awarded the Meritorious Executive Award from
President Clinton in 1998, the second-highest performance award given
to career civil servants, and the Distinguished Executive Award (the highest
such award) from President Bush in 2001.
Foster is married to Nancy Allen Foster ’70, and has established
The College of Wooster’s Foster Prize in Mathematics in partnership
with his father. He remembers well the personal attention he received
as a student, particularly from Professors Melcher Fobes and Donald Beane
(mathematics), William Baird and Gene Pollock (economics), and Jim Bean
(French), who performed the Fosters’ marriage ceremony.
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