Employee Benefits Brokers' Predictions Regarding Health Care Reform Revealed in Study by Benefits Selling

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Apr 26, 2010, 11:00 ET

CENTENNIAL, Colo., April 26 /PRNewswire/ -- Benefits Selling, a Summit Business Media publication, revealed the results of its 2010 Health Care Survey conducted by Benefits Selling and Oliver Wyman in its April issue and at Benefits Selling Expo 2010, held April 19-21 in Washington, D.C.

The survey asked employee benefits brokers nationwide to weigh in on how health care reform will impact their business and how they plan to respond to health care reform. More than 1,250 brokers responded to this year's survey, spanning the country and representing all employer size segments as well as the individual market.

"We received a record number of responses to this year's Health Care Survey," said Benefits Selling Editor Denis Storey. "In one of the most critical and trying times for the benefits industry, this survey gauges how brokers are reacting to the changing health care industry."

Highlights of the Health Care Survey include:

57% of brokers said health care reform will have a negative impact on their clients
Almost half of respondents said that reform will drive substantial or major consolidation in the broker and consultant landscape
70% of brokers said employers would take a more aggressive approach in reviewing benefits strategies

Results are featured in the April issue of Benefits Selling, and complete survey results are available online at BenefitsSellingMag.com.

ABOUT SUMMIT BUSINESS MEDIA

Summit Business Media is the leading B2B media and information company serving the insurance, investment and professional service markets through a variety of channels, including online, print and live events. Summit Business Media provides breaking news and analysis, in-depth practice management strategies, business-building techniques and actionable data to the markets it serves. Through its Media and Reference Divisions, the company publishes 17 magazines and 150 reference titles. The Events Division hosts a dozen conferences in support of Summit Business Media's magazine brands. Summit Business Media's Data Division, comprised of Highline Data, Judy Diamond Associates and Agent Media, is the leading data provider of financial and marketing information on insurance companies, life and property casualty agents and investment advisors. For more information, visit sbmedia.com.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

Tamara Patterson: https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=94300

Denis Storey: https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=94302

SOURCE Benefits Selling