Does anyone else see the group market going under and employers letting employees just go out and find their own plans through exchanges?
If it costs employers a chunk of change to offer standard benefits to employees, when they can go into the marketplace and find a equal or better plan for the same or better price, why would anyone think the group market would remain stable?
At the same time you have many brokers and agents fleeing the individual market because they don't feel like it's worth it. If the group market falls apart and the individual market gets flooded, and a broker has a good platform to streamline everything, that's a pretty good and effortless stream of revenue.
I'm not saying this is going to happen any time soon, but it looks like the market will head that way eventually.
If it costs employers a chunk of change to offer standard benefits to employees, when they can go into the marketplace and find a equal or better plan for the same or better price, why would anyone think the group market would remain stable?
At the same time you have many brokers and agents fleeing the individual market because they don't feel like it's worth it. If the group market falls apart and the individual market gets flooded, and a broker has a good platform to streamline everything, that's a pretty good and effortless stream of revenue.
I'm not saying this is going to happen any time soon, but it looks like the market will head that way eventually.