Benefits advisors and brokers need to understand price transparency from the participant and provider perspectives, the compliance mandates new federal regulations aim to achieve, and most importantly, what strategies benefits professionals can take to optimize their role and value.

In 2020, national spending on health care increased 9.7% to $4.1 trillion, more than double the increase in 2019.

Most people agree that making the health care system more transparent is a worthy objective; but the devil remains in the details. "We work in the…

Health care costs continue to rise, reaching an average of $15,013 per employee in 2022. Employers expect the trend to continue and project a 5.4%…