nearly one in five people will purchase their health insurance through a private health exchange by 2018. that’s what accenture’s found, in a paper aptly named “are you ready?”
private health exchanges are meant to deliver cost efficiency and predictability to employers, and increased flexibility and choice to employees. in one model, employers provide a defined contribution for health and wellness benefits: a fixed amount employees use to cover the benefits they purchase. depending on what plan options employees choose from the vast array available to them, they kick in the difference between its cost and what their employer subsidy covers.
private health exchanges are already in place with employers. aon hewitt, for example, reports more than 100,000 U.S. employees are using their corporate health exchange. aon hewitt is not the only big consultancy in the game. mercer, towers watson, buck and others all offer exchanges, or have recently announced theirs. and they’re not alone, as our june cohealth checkup attests.
in this show we were joined by wellpoint and bloom health to talk about exchanges in general, and to examine what it will take to make them succeed.
tracie foster, wellpoint
mark moksnes, wellpoint
john vlajkovic, bloom health
note: there’s some audible interference in this recording.