Health care reform has many things in common with the way financial services are delivered, and
could be changed, if financial reform gets more political and public support. But in the interim, changes are coming to a related industry–insurance brokers–who are now re-inventing themselves due to changes in the way health care will be delivered under the new Affordable Care Act, which will inject competition into the health care insurance industry. This heightened competition and greater transparency has some serious implications for mutual fund wholesalers, a largely-unknown profession, which drives full service mutual fund companies. Yet at the same time, it is not clear what, if any, benefits wholesalers deliver to actual shareholders.
Here is the lead to the complete story below, as well as a link to the complete article:
“Creative destruction” is coming to the $2.8 trillion health care industry, changing everything from eligibility requirements to coverage options, but the changes also are fundamentally affecting a small, but power group unknown to consumers: insurance brokers.
However, as this small, but lucrative profession of insurance brokers undergoes major changes, they also may indicate the future of another group of lesser-known professionals–mutual fund wholesalers–who have so far evaded change, even as the financial services industry continues to resist any types of reform after the 2008 recession.
For the complete story, visit Paladin Research and Registry