Single Payer And Voluntary's Role
On the top of the list of major shifts: the possibility, however remote, of a move to a single-payer health care system in the U.S. Even if such a drastic change occurred, there would still be a role for voluntary benefit products, as any such system would likely be similar to those in Canada and Japan, in which copays and deductibles are still required.
“Even if the U.S. adopts a single-payer system, the need for voluntary benefits would become even more robust, because people will still have out-of-pocket costs and supplemental plans can help cover those costs,” says Ben Bohonowicz, director of client services at Employee Benefit Services of Maryland Inc. in Baltimore. “People think if we adopt a single-payer system, brokers will go away, but that won't be the case.”
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
