This morning I had an early morning appointment with a client. After our meeting a VP of the company came up to me and said, “Knowing your interest, I thought you’d like to know that our company group plan is a casualty of the PPACA.” It was one of the “Cadillac plans”. He continued, “They just don’t care about us.” Meaning the folks in Washington.
Time is a limited resource. Devoting time to selecting and choosing a new company healthcare insurance plan takes time that won’t be used for getting more sales, developing new products, or making the business operate more efficiently. It will be interesting to see what effect, if any, the new regime in healthcare insurance has.
At this point I don’t think I have a single client who hasn’t been compelled to devote substantial time to Sarbanes-Oxley, HIPAA, or the PPACA.