About time to wrap this first quarter up, huh? I mean, is there anyone not happy about getting the first part of this year over with? (I guess the only downside for me is that it brings me that much closer to the big 4-0 in September.)
But I digress. So, health care reform is now law. I know, it sucks, almost as bad as this year's crop of American Idol finalists, but now it's time to figure out what it means for each of us. And how we're gonna live with it.
I noticed some of the carriers tried a pre-emptive strike against covering children with pre-existing conditions, arguing over some fine print legalese in the legislation. Yeah, that was a bit of PR genius, but it looks like they've already relented in the face of some pretty harsh backlash. (Wow, who saw that coming?)
And it looks like some of the larger employers (AT&T, Boeing and Caterpillar, to name a few) are ringing up million-dollar first-quarter charge-offs in the face of a disappearing retiree drug benefit tax deduction. And Verizon's already fired off a memo to its employees, warning of possible changes to their health plans.
Forget about the pundits and the talking heads, because health care reform officially passed them by. Their predictions and pontifications are worthless now. We're already watching the aftermath of this historic legislation first-hand.
How quickly you respond - and adapt - will determine whether you get run over by this freight train or find a place on board.
One way that you can do that is to join us in D.C. next month to hash out how reform affects your business. Register for the Benefits Selling Expo today.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.