Joe, Pennsylvania: I own a small insurance brokerage in Exton, PA (couple miles south of Valley Forge). We employe 10 very good people. Before the Affordable Healthcare act was passed, the cost of health insurance for our staff was the third highest expense in our budget. Now, if I was a heartless yet savvy business owner, I would force those 10 employees on to the new Obama care. I could reduce my expenses significantly! However, knowing a little something about insurance (33 years in this biz) I would never subject my valued employees to that fate. But I can tell you that many of the small guys I insure are considering doing it because they need to cut costs in this poor economic environment. This isn’t a gripe about me losing commission. (Although, the way the plan is sold through “navigators” and NOT fully licensed insurance professionals gives me pause.). We haven’t sold much health insurance over the years because it’s become a no win proposition. Expensive for my clients due to dwindling availability and reduced compensation as the insurance carriers are trying to make a profit. This is a bad situation which is going to get much worse with rising costs to consumers and deteriorating service from the government. One last note. The Feds have a poor track record when it comes to universal insurance coverage (think National Flood insurance), just ask the people that are STILL waiting to be paid from the effects of hurricanes Katrina, Irene and Sandy. Why do we think they will do a better job in serving our needs as regards to serious illness and disease?
Posted on: Wed, 23 Oct 2013 03:13:39 +0000
Trending Topics
Recently Viewed Topics
© 2015