Credit: Chris Nicholls

Benefits advisors and their peers and partners are no strangers to change. For years — OK, decades — now, upheaval and uncertainty have been the norm. So far, 2025 is no exception, and in many cases, is even ratcheting things up to a new level. As Tracy Watts, senior Partner and National Leader of U.S. Health Policy at Mercer puts it, “It’s a challenging time, but when isn’t it?”

But even for an industry accustomed to constant upheaval, there’s a lot to keep track of right now, from the seismic impacts of the incoming Trump administration and the resulting regulatory upheaval, to the ongoing waves caused by technology and disruptors both inside and outside the industry, to the wide-reaching fallout from the murder of UnitedHealthCEO Brian Thompson.  

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