As our entire industry awaits the expected June Supreme Court decision on the Patient Protection and Affordable Care Act, it feels as if we have collectively boarded a plane with a destination yet to be announced. There's plenty of speculation about the endpoint. Prognosticators have closely scrutinized the interactions between justices and litigants. Analysts have examined each word spoken at the three-day March hearings, and every question uttered by a judge has held prophetic significance.
There is general consensus that our journey will conclude in one of three places: the law will be upheld, the legislation will be struck down or components of it will be found unconstitutional. Regardless of the outcome, my counsel is to remain on the aircraft once it lands. The future of our profession is not tied to the outcome of PPACA—even if it disappears.
This position is not outlandish because another overarching theme takes precedence. In our quest to read the legal tea leaves, we seem to have forgotten that affordability drives the challenges we face as advisors and brokers. Eliminating PPACA may actually exacerbate the problem. It creates complacency and possibly delays the launch of cost-saving initiatives that innovative firms are in the process of developing.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
