This email announced the release of The Council and McKinsey's joint Healthcare Cost Containment Survey, providing insights into how commercial insurance brokers and their employer clients are addressing rising healthcare costs. The survey captures broker and employer perspectives on cost containment strategies, plan design changes, and vendor solutions. It serves as a practical benchmarking resource for brokers advising clients on managing healthcare spending.
New Healthcare Cost Containment Survey from The Council & McKinsey
Survey deadline is Friday, April 25
The Council recently launched a brand-new employee benefits-focused survey in partnership with McKinsey, focused on trends in broker pricing and commissions, ROI from different cost-containment levers, and the impact of regulatory changes on EB operations and client offerings. The deadline to complete the survey is Friday, April 25.
Survey respondents will be invited to a webinar with McKinsey to discuss the survey results, with an opportunity for Q&A and there will be a broader feature to follow in Leader’s Edge.
Take the Q1 2025 P/C Market Survey
The Council of Insurance Agents & Brokers’ Q1 2025 Commercial P/C Market Survey is still open. Your participation is crucial for understanding developments in the insurance market. Insights from respondents like you have helped us keep track of emerging trends in the commercial auto and cyber lines of business.
Economic Analysis Underscores Importance of Employer-Sponsored Healthcare Tax Benefits
The Council and the American Benefits Council have released a macroeconomic study by Ernst & Young (EY) affirming the significant economic impact of the tax exclusion for employer-provided health insurance. The analysis projects substantial job losses, reduced compensation, and GDP decline if these benefits are limited.
According to the study, imposing such limits on these tax benefits would result in:
- 75,000 fewer U.S. jobs each year for 10 years, growing over time to 240,000 fewer jobs annually outside of the 10-year budget window.
- A $75 billion reduction in after-tax employee compensation each year for 10 years, growing over time to $280 billion less in after-tax employee compensation annually.
- A $10 billion reduction in U.S. gross domestic product each year for 10 years, growing over time to $40 billion annually.
- 75,000 fewer U.S. jobs each year for 10 years, growing over time to 240,000 fewer jobs annually outside of the 10-year budget window.
- A $75 billion reduction in after-tax employee compensation each year for 10 years, growing over time to $280 billion less in after-tax employee compensation annually.
- A $10 billion reduction in U.S. gross domestic product each year for 10 years, growing over time to $40 billion annually.
Spring Learning Circles: Limited Seats Available
Registration is now open.
The Council’s Learning Circles are virtual, small-group discussions designed to help insurance professionals build inclusive and belonging cultures. Over six bi-weekly, 90-minute sessions, professional facilitators lead important discussions to help attendees recognize and “unlearn” dominant cultural norms.
Learning Circles are a safe space to navigate challenging topics in a supportive setting. Attendance at all six sessions is highly encouraged and there is no cost to register.
Learn more about The Council’s Learning Circles.
Put your Future Leaders to the Test at the Broker Smackdown Competition this July
Last chance to send a team of four emerging leaders to compete in 2025 Broker Smackdown events is July 15-17 in Phoenix, AZ. Don’t delay – spots are filling fast for this popular program.
Broker Smackdown is a 2.5-day competitive simulation that gives emerging leaders a broader perspective on how the business operates. Participants compete in teams, running a computer-simulated insurance brokerage and making strategic decisions that impact financial, operational, and sales outcomes. Winners will go on to compete at the National Broker Smackdown in October.
Attend Spring Working Groups Meetings
Registration Is Still Open for HR, CFO, CIO, and Legal Counsel
Our Spring Working Group meetings offer top industry professionals a platform for peer sharing and insightful conversation. Registration is complimentary, encouraging you to invite senior team members who would benefit from exposure to industry leaders.
Full agendas are available for HR and CFO Working Groups, and preliminary agendas are available for CIO and Legal Counsel Working Groups via the link below. Working Group Recaps for Marketing & Communications and COO are also available on The Council website.
Learn more about The Council’s Working Groups.
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