One-third of employers will drop health coverage according to a recent McKinsey survey. That's a staggering amount when you think about the actual numbers involved.
What would it to do our industry if one-third of the health plans just disappeared?
In 2009, the most recent year for which we have a full picture, there were 22,054 ERISA-qualified*, non-union health plans on the books. Ignoring the filings where the administrator clearly forgot how the number zero works, there were 37.1 million lives covered in those plans, $85 billion in premiums and, perhaps most critically, those plans represented $2 billion in fees and commissions to their brokers.
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.