The economy is weak. Unemployment numbers are staggering.Business is bad. Pessimism has replaced optimism. And this is alltwo years after the Great Recession supposedly ended. Like everyother industry, the economy is taking its toll on the brokerbusiness.
Take this for example: Employee Benefit Research Institutestatistics show that the recession had significantly affectedhealth coverage of workers in various job categories. “During arecession, some employers will drop coverage, some will increasethe worker share of the premium, and some may change eligibilityrequirements,” the EBRI report says. “Structural changes in theeconomy during a recession, such as the substitution of part-timeworkers for full-time workers, reduce the number of workerseligible for health benefits.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
