Florida blue cutting commissions

[InsuranceGuy29]

I don't disgree that being aware is a good thing. There are definitely risks to our business being linked to a government program. There are agents on this site that can testify about how the government destroyed their business at least once. - @somarco comes to mind.

But there is also nothing more permanent than a government program.

However, the risk of the President's pen does not only apply to our industry. I watched friend's businesses get destroyed because of the scamdemic shutdown 4 years ago.

That all being said, having your business diversified is not a bad idea either. Personally my Medicare book is 45% medsupp and 55% MAPD. But I also have a book of HIP, dental/vision, Life insurance, and annuities. I also recently started recently expanding into ACA.

On top of this I also invest aggressively outside of the industry. - something all independent brokers should be doing since we do not have an employer that provides us a retirement.

Perfectly stated. Medicare Advantage is absolutely not going anywhere, ever. It would be political suicide. The plans are extremely popular, the ratings are very good (contrary to the narrative by some), and people like them. We are just in a down market, due to an absolutely atrocious communist regime that will be gone in a month. Things are gonna get insanely better, and fast. People just need to vote better (which they did, thankfully), and all brokers/agents need to get involved and stay involved in politics.

 

[EckoRomeo]

I don't disgree that being aware is a good thing. There are definitely risks to our business being linked to a government program. There are agents on this site that can testify about how the government destroyed their business at least once. - @somarco comes to mind.

But there is also nothing more permanent than a government program.

However, the risk of the President's pen does not only apply to our industry. I watched friend's businesses get destroyed because of the scamdemic shutdown 4 years ago.

That all being said, having your business diversified is not a bad idea either. Personally my Medicare book is 45% medsupp and 55% MAPD. But I also have a book of HIP, dental/vision, Life insurance, and annuities. I also recently started recently expanding into ACA.

On top of this I also invest aggressively outside of the industry. - something all independent brokers should be doing since we do not have an employer that provides us a retirement.

A government program being permanant is not the same as thing as a government program being a profitable business endevour. So, while our industry isn't the only industry with political risk, ours is much more exposed to that risk because the government literally runs our industry. It writes the checks that pay our commissions. It doesn't take a once in a lifetime pandemic to shut us down but rather a few consecutive terms of the wrong party in power. Or the assasination of a health insurance executive to shift the political winds against the health insurance industry.

But even saying that, I am on record stating that the next big change could just a likely be a medicare 4 all model that makes every adult citizen a prospect, or Medicare at 62. Either of which would mean more business for us.