Arthur J. Gallagher's (AJG) chief executive says the new federal health-care law is providing excellent opportunity for the brokerage—and other big producers—as smaller benefit brokers struggle with the statute's various compliance issues.
J. Patrick Gallagher, AJG's president and CEO, said during the company's Q1-results conference call on May 2 that the Patient Protection and Affordable Care Act, of which he has been a critic, is so complex that larger brokerages are benefiting from it because they possess the staff and knowledge to navigate clients through the compliance process.
By comparison, most smaller benefit brokers do not have the resources to adequately educate clients in the law's intricacies, he said, driving business toward larger brokers like AJG.
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