Patient Protection and Affordable Care Act

Patient Protection and Affordable Care Act

PPACA is a game-changer for state governments, many employers/healthcare purchasers, and the uninsured. Excessive costs, inconsistent quality, dependence upon insurance brokers with conflicts-of-interest, and consumers' needs for reliable information are common challenges for both corporate and government healthcare decision-makers. The Affordable Care Act will require timely education and outreach for state government benefits or insurance exchanges.

Employers will be required to understand and comply with its provisions. The advice that every employer is going to be looking for is not only what should I do, what do I need to do? But also what is everybody else doing? What are other companies in my area doing? What are other companies in my industry doing?

As employers face "pay or play" the ability for brokers and consultants to provide benchmark guidance is huge. What we are seeing - and I think we will continue to see - is a proliferation of studies and reports on what employers are planning to do. That information is extremely valuable. But, for a broker or consultant to add to that their first-hand experience and say, "In working with a number of companies that are like yours in terms of geography and industry, I can also share with you that the overwhelming majority are planning to do XYZ."

The appetite has never been stronger, the urgency and the anxiety out there is huge. The upside of reform is the reliance on employee benefit advisers is greater than it probably has ever been. Plato Technologies help provide the advisory role is building the benefit structure necessary for building complaint and cost effective plans