Towers Watson expands its exchange business into the midsized and small markets with its purchase of Liazon, a major player in the space.
The rhetoric is heated and getting hotter all the time in the emerging field of private health-benefits insurance exchanges. Where does the real truth lie?
To date the online portals have mostly served small corporate customers, but it looks like that may soon be changing.
Companies can no longer use health reimbursement arrangements, or HRAs, to help employees purchase their own health insurance through private exchanges.
The rise of private health-insurance exchanges will enable companies to provide a greater choice of health benefits for their workers.
Their competitive battleground is defined by the size of their clients and the number of insurance carriers participating in their exchanges.
CFOs love predictable costs almost as much as lower costs. That’s a key selling point for private exchanges, which enable a defined-contribution approach to funding employee health benefits.
