The Consolidated Appropriations Act (CAA) is a piece of regulation passed by Congress in 2021. This legislation has implications for the health care industry that mimic those for retirement. This is namely around fiduciary regulation and fee transparency.
Craig Reid, president and national practice leader of retirement and wealth at Marsh McLennan Agency, recently spoke with PlanAdviser about cross-collaboration between Marsh McLennan Agency’s Retirement and Employee Health & Benefits groups to address CAA regulations. He also discussed how retirement advisers have an opportunity to work with health care advisers given their experience operating in a regulated space.
“Much like the retirement industry has changed over the past few years [due to litigation], how does that concept play out on the benefits side, knowing those dollars have more zeroes?” Craig asks.
