Ethical concerns surround new health care reform bill

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August 15, 2011

In today’s BeAdvised, Bob Arnoff blogs about ethical concerns for brokers and advisers around the new health care reform bill. How are you preparing for the switch? What do you plan to do about the dilemma he talks about?


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20 Comments

How insurance is bought and sold has changed. The reason an employer has an employee benefit plan has not. (why did they have a plan when the government didnt mandate that they do? Why are they considering dumping the plan when the government mandates that they have a plan?) Do the math, the "Pay the penalty and give employees money to go buy on the exchange" strategy rarely, if ever, is better. Why pay signinficant, non tax deductible, penalties and provide employees with taxable contributions to a plan that they have to use post tax dollars to buy? Really makes no sense if you step back and look at it.

Posted by: Jeffrey D | March 21, 2014 1:48 PM

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but the ensuing portrait is often more composite sketch than photograph.Fernando Bowersox

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Posted by: antic h | September 15, 2012 8:20 AM

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This then gives employee benefit advisers a question that they must ask themselves. Cody Benesh

Posted by: antic h | September 2, 2012 2:08 AM

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The Obama and

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Romney campaigns are expected to spend on the order of $2 billion, in part to try to sway this tiny share of the electorate.There's a very small slice of people who are genuinely

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undecided, but it's enough to win the presidency," said Rich Beeson, the political director for Mr. Romney's campaign.The share of swing voters may even have declined in recent

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Republicans are more conservative.A decline in swing voters would help explain why Mr. Obama and Mr. Romney have stayed within just a few points of each other, across many polls,

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mate will provide him with a bump in the polls. But so far, the Gallup tracking poll has not indicated any immediate bump, even though vice-presidential choices have historically provided one.

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In close races in particular, cable news pundits and political observers revel in swing-voter guesswork, but the ensuing portrait is often more composite sketch than photograph.

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"There is so much pop psychology surrounding swing voters, but there is very little evidence that there are key demographics in the population that are inherently swing voters," said

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John Sides, an associate professor of political science at George Washington University. "That doesn't mean that in a particular election you can't drill down, down, down, down and

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identify a group of swing voters.

Posted by: xue x | August 18, 2012 2:47 AM

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There definitely a lot of issues dealing with the new health care reform. There needs to be a fix for this in the for this. orlando network design

Posted by: james k | August 1, 2012 11:36 AM

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Ethical concerns have surrounded the bill of reforms. Having been signed a little over a year ago, the public has been inundated with information and facilitating this information.wwwVaporeze.com

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Posted by: satish b | July 23, 2012 4:30 AM

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While I agree that you must discuss HCR with your clients, what exactly are you telling them? One of things you need to be concerned is creating the impression that there is an easy solution to rising health care costs - simply drop your benefits and pay the "penalty" for driving your employees to the exchanges. Does anyone really believe that the penalty is going to stay at the current amount? Doesn't it seem more likely it will rise to an amount equivalent to the cost of health care in the exchange? And what about the legal challenges to the individual mandate? What impact will that have on the HCR provisions? While I agree you must keep your clients advised of the impact of health care reform, what you are telling them can be described as "fluid" at best.

Posted by: Bob H | August 16, 2011 6:51 AM

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I think it is important to discuss the HCR issues from two perspectives. One, for the ethical and professional reasons discussed here. It is also good business for my agency since I have a pretty good idea which clients are going to simply get away from offer a sponsored health plan and who is not. I hae had several tell me they will probably pay the penalty rather than continue to fund a rising premium cost.

Posted by: Don W | August 15, 2011 3:01 PM

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I suppose the content of the post means the author has met or heard of firms not informing their clients of upcoming obligations. That's absolutely mind-boggling to me and unethical. If a firm can't find enough value to sustain their client relationships come 2014 then I don't know that they deserve to be in business.

Posted by: Lauri W | August 15, 2011 2:53 PM

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I thought the question was absurd. Any broker that chooses not to keep clients informed about healthcare reform is incompetent and should have his/her license revoked.

Posted by: Charles T | August 15, 2011 2:51 PM

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We're in this field to bring some sense to our clients' and their employee's benefits programs - how else would we do our duty to them but to keep them informed? Planning for their programs in '12, '13, & '14 is vital for them and for us. IMHO we are obligated to communicate the process as well as the implications, reminding that we may hold personal opinions but are always ready to provide the best solutions under the existing statutes.

Posted by: Phil M | August 15, 2011 2:19 PM

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My clients have received updates on HCR since its passage. Keeping them informed is what all good brokers do voluntarily. As Randall S & Mike T say, not doing so is a disservice to those who trust you to advise them & guide through the maze of employee benefits. Your clients will value more if you keep them informed than if you allow them to be blindsided by non-compliance with any aspect of HCR.

Posted by: Martha K | August 15, 2011 1:56 PM

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Telling our customers about HCR is a function of the service we provide. Whether it is good for us or bad for us has no relevance here. We must make sure they know what is coming. To not do so is malpractice.

Posted by: Randy S | August 15, 2011 1:49 PM

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How in the world could anyone perform the function of a benefit broker in today's environment and not discuss healthcare reform with their clients? I don't think that this is possible, even if someone wanted to be self-serving and might I add, short-sighted.

Posted by: Mike T | August 15, 2011 1:41 PM

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