The Kaiser Family Foundation recently released a report entitled “Examining Private Exchanges in the Employer-Sponsored Insurance Market,” and Array Health is proud to be among the companies included. This report
With over three million people currently enrolled through a private health insurance exchange and 40 million predicted to enroll by 2018, anticipated broad-scale adoption of private exchanges (both single and multi-insurer) is of great interest. We decided that now — halfway through 2014 — is an ideal time to connect with health insurance leaders to get their perspective on this rapidly changing marketplace.
With the cost of healthcare claims continuing to rise, there is increasing interest in private exchanges, according to a recent survey conducted by Wells Fargo Insurance, a national insurance brokerage firm and part of Wells Fargo & Co. The survey of more than 70 insurance companies nationwide showed that rising healthcare premium costs are forcing employers to find new ways to control costs while maintaining and improving the health risk of their employees.
Every year around this time, analysts, consultancies, and human capital researchers publish a barrage of annual reports on employer-sponsored health benefits. Array is keeping a close eye on movement and trends in this space, and there's certainly no shortage of reading material or data.
Prior to the signing of the Affordable Care Act (ACA), the term “exchange” meant something to military communities, stock or commodity traders and readers of historical fiction.
There has been a lot of activity and questions raised in the past month around exchanges, but one thing is clear--private health insurance exchanges are gaining in popularity.
This is a week for all of us in the healthcare industry to celebrate. Technology has revolutionized the way just about every modern industry works, and healthcare is no exception.