$7 Billion Potential Savings in Healthcare Reform

Share Article

BenefitMall, the nation's largest General Agency, was highlighted in a study released on Friday, January 29 by Avalere Health, a Washington D.C.-based strategic and analytic consulting firm dedicated to improving the healthcare system. The study explores the needs and challenges faced by the individual and small group markets in the purchase of health insurance. Massachusetts and Maryland were the states reviewed as a comparison case study.

Spending money to create a public exchange focused on the pre-sale of small group health insurance without plans for the post sale support will be a costly step backwards for our industry and the small businesses we serve

BenefitMall, the nation's largest General Agency, was highlighted in a study released on Friday, January 29 by Avalere Health, a Washington D.C.-based strategic and analytic consulting firm dedicated to improving the healthcare system. The study explores the needs and challenges faced by the individual and small group markets in the purchase of health insurance. Massachusetts and Maryland were the states reviewed as a comparison case study. The study concluded that while the basic insurance exchange systems currently recommended in proposed legislation bring value to individual consumers, that the small group market is very different. It further stated that new insurance regulations combined with many of the existing private sector capabilities could be the most affordable and efficient route to take with healthcare reform. BenefitMall provides the study referenced capabilities in the Mid-Atlantic market through their General Agency and Third Party Administration services.

"With development of public insurance exchanges estimated by the Congressional Budget Office at approximately seven billion dollars, one would assume that any cheaper, faster, more effective approach that exist today would be heavily reviewed and considered as a viable solution," commented Bernard DiFiore, President and CEO of BenefitMall.

BenefitMall has actively lobbied on behalf of general agencies and brokers throughout the healthcare debate. They believe the implementation of public exchanges will negatively impact the small group market in two ways - creating an unnecessary expense to build something that already exists, and lessening the value of choice. Currently, small businesses can maximize coverage value from thousands of plans that are available within the private sector. Public exchanges would restrict choice to only a few plans and carriers. The solutions provided by the existing distribution channel provide assistance in evaluating the most cost efficient solutions to purchase, as well as, assistance in administering and servicing the small group at installation and throughout the coverage period. Mr. DiFiore added, "Spending money to create a public exchange focused on the pre-sale of small group health insurance without plans for the post sale support will be a costly step backwards for our industry and the small businesses we serve".

BenefitMall is hosting the Avalere Health study at http://www.healthcareexchange.com where they invite others to join them in reviewing and debating an option in healthcare reform that has been overlooked by many over the past months.

About BenefitMall
BenefitMall is the complete Broker services company providing products, services and tools to make selling employee benefits to small businesses more efficient. Headquartered in Dallas, Texas, and in business for 30 years, BenefitMall is the nation's largest general agency offering sales support in 33 U.S. markets serving 11 states. Selling more than $3 million in new premiums per day through a national network of more than 15,000 independent registered Brokers, BenefitMall offers thousands of plans from more than 125 leading insurance carriers. Additionally, BenefitMall has divisions representing many individual, stop-loss and senior products throughout the U.S. With more than 175,000 in-force groups, BenefitMall supports nearly two million employees and their dependents. For more information, please visit our website.

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Gianna Hester
Visit website