Why Employers Change Insurance Brokers and Benefits Consultants.
$1.2 Trillion is spent every year by employer-sponsored health insurance plans in America. That's 28% of all US healthcare spending.
Insurance brokers and benefits consultants have huge influence over how that $1.2T is spent.
If 1) an employer's healthcare costs are high AND 2) there is a regulatory change AND 3) there is an economic recession... then more employers change their insurance broker or benefits consultant.
These 3 scenarios occurred in 2010 and they may be happening again in 2023.
Learn how to differentiate insurance broker 'Guard Dogs' who fight for their employer clients VS insurance broker 'Carrier Lap Dogs' who are misaligned with their employer clients.
Sources:
www.cms.gov/research-statisti...
www.lawleyinsurance.com/healt....
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