The commercial health insurance market is undergoing a serious transformation. Market disruptors are entering the space and traditional insurance providers are consolidating.
Humana recently made waves by announcing that it would be leaving the employer insurance market, leaving nearly 1million people in search of new health insurance plans. At the same time, non-traditional players like CVS, Amazon and Walmart are arriving on the scene. Soon, clients will be looking to their benefits advisors to see how this impacts them, with some becoming more eager to try something new. Brokers need to stay abreast of these industry developments, evaluate new options and offer innovative solutions that may be beneficial for their clients.
|The health care industry is evolving – why brokers must pay attention
CVS acquired Aetna; Walmart announced a partnership with UnitedHealthcare; Amazon acquired One Medical. The health care industry has evolved significantly over the last few years, and the full impact of these new entrants is still unknown. However, staying informed and sharing developments with your clients will prove to be invaluable.
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