KANSAS CITY, Mo., March 9, 2011 /PRNewswire/ -- The President of Lockton Benefit Group, Mike Brewer, will testify before a subcommittee of the U.S. House Education & Workforce Committee on Thursday, March 10. Brewer will address the impact of the health reform law on Lockton clients during a morning hearing on "The Pressures of Rising Costs on Employer Provided Health Care."
Lockton is the world's largest privately held insurance broker.
Brewer is expected to summarize for the Committee the cost implications for Lockton clients of key provisions of last year's federal health reform law. Lockton has performed actuarial modeling of the law's impact on hundreds of Lockton clients, assessing the cost impact on middle-market employers in specific industry segments. Brewer's testimony will address the reform law's benefit mandates such as the obligation to cover adult children to age 26, as well as requiring most employers to offer health coverage at an affordable cost to full-time employees beginning in 2014 or risk federal penalties.
Lockton advises more than 2,500 U.S. companies and organizations on their employee benefit programs. Lockton formed its Health Reform Advisory Practice before the new law passed to provide guidance to clients on impact on their businesses.
Brewer recently spoke to Best's Review about the rising cost of health benefits for employers, and how health risk management is one approach to reduce those costs.
For more on the hearing, see the House Education & Workforce Committee.
More than 3,800 professionals at Lockton provide more than 15,000 clients around the world with insurance, benefits, surety and risk management services, offering an uncommon level of client service. From its founding in 1966 in Kansas City, Missouri, USA, Lockton has grown to become the largest privately held insurance broker in the world and the 9th largest overall. Business Insurance recognized Lockton as a "Best Place to Work in Insurance". You can learn more at www.lockton.com
SOURCE Lockton Benefit Group