Benefits 2.0: Brokers as the Frontline of Benefits Innovation
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Note: this article was initially published in Healthcare Tech Outlook, to see the original article please click here The last decade has undoubtedly seen one of the most fundamental changes to the benefits ecosystem in known history. While the long-term impacts of the pandemic on our healthcare system are still unknown, we’ve also seen a continued (and unrelated) evolution of the way healthcare and other benefits are funded. Given a highly competitive employment environment and rising healthcare costs, the benefits market has needed to evolve. With the adoption of the Affordable Care Act, we’ve seen the industry’s cost structure continue to evolve even more, further incentivizing employers to self-fund and identify creative ways to cut costs while expanding coverage. The benefits industry of today is so radically different from the cookie cutter plans of the past, that we’re referring to this newly formed dynamic as
Benefits 2.0: Brokers as the Frontline of Benefits Innovation
Benefits 2.0: Brokers as the Frontline of…
Benefits 2.0: Brokers as the Frontline of Benefits Innovation
Note: this article was initially published in Healthcare Tech Outlook, to see the original article please click here The last decade has undoubtedly seen one of the most fundamental changes to the benefits ecosystem in known history. While the long-term impacts of the pandemic on our healthcare system are still unknown, we’ve also seen a continued (and unrelated) evolution of the way healthcare and other benefits are funded. Given a highly competitive employment environment and rising healthcare costs, the benefits market has needed to evolve. With the adoption of the Affordable Care Act, we’ve seen the industry’s cost structure continue to evolve even more, further incentivizing employers to self-fund and identify creative ways to cut costs while expanding coverage. The benefits industry of today is so radically different from the cookie cutter plans of the past, that we’re referring to this newly formed dynamic as