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Bailey & Company's latest report, Navigating the Future of ICHRA, is hot off the presses. Download the full report here: https://lnkd.in/gTb5Awys ICHRA is a potentially transformative way for employers to control runaway healthcare costs. The ICHRA market is growing at around 60% year-over-year, with the most rapid growth in the large employer segment, and we argue that next few years will be critical in determining whether ICHRA takes hold among jumbo employers or remains a niche SMB product.? ? Bailey has assembled what we believe to be the most comprehensive analysis on the market – including proprietary profiles of all key ICHRA administration companies and perspectives from carriers, brokers, employers, and other stakeholders. Key takeaways: There are three main narratives for why ICHRA is a compelling product: the elevation of consumer choice in health insurance, the transition from defined benefit to defined contribution, and the opportunity to build a renewed focus on the underserved small employer market. Several key ICHRA players will come to market with funding rounds in 2025, likely at elevated valuations. By the beginning of 2026, at least three to four ICHRA companies are expected to be breakeven or profitable with revenue in the tens of millions. The ICHRA market is small, serving around 500,000 to 1 million enrolled employees, but ICHRA is beginning to penetrate the jumbo employers starting this year. Over the next few years, numerous interrelated factors, including regulatory changes and the approaches taken by carriers and brokers, will determine whether ICHRA growth accelerates or stagnates. Market dynamics vary significantly by employer type. ICHRA's most obvious value lies in supporting small employers that group plans and brokers have underserved, and this segment now has established momentum. The large employer segment is beginning to see explosive growth, but is also fraught with execution risk. Virtually every major carrier is actively working to understand ICHRA and develop a strategy. It is likely that carriers will begin to bring ICHRA quoting and enrollment tools in-house and that some will eventually acquire ICHRA administration companies. Large brokers are also likely acquirers. Thanks to: benefitbay?, BizCare Benefits, Gravie, Leeway, Liferaft, Remodel Health, StretchDollar, SureCo, Take Command, Thatch, Venteur, zizzl health, Zorro, Ideon, Taro Health

??Join Taro Health: Health Insurance Done Differently! At Taro Health, we believe in health insurance that keeps you healthy. Unlike traditional health plans that focus on treating you when you're sick, we provide extraordinary access to behavioral health and primary care to ensure you stay healthy from the start. We’re making waves in the industry by partnering with direct primary care doctors who share our vision of quality primary care. ??We're Hiring: Member Support Associate Join our dynamic team and be a part of our a culture where innovation, collaboration, and wellness are at the heart of everything we do. As a Member Support Associate, you’ll play a crucial role in helping our members navigate their healthcare journey with ease and confidence. ?? Apply Now: https://lnkd.in/eZaCm3An Be a part of something extraordinary. Help us redefine health insurance and empower our members to live their healthiest lives. ?? #JobOpportunity #Hiring #HealthInsurance #DirectPrimaryCare #TaroHealth #MissionDrivenBusiness #HealthcareRevolution