In an effort to control costs and offer workers more health plan options that can better suit their needs, an increasing number of employers are turning to private health insurance exchanges. Unlike traditional employer-sponsored health coverage, under exchanges employers give their workers a defined amount of money and allow them to shop for coverage, often from multiple insurers in the exchange. For employers, the amount a company pays towards coverage is capped; for workers, greater choice exists and the exchange helps promote competition among insurers.
The On-Demand recording will be available immediately upon purchase* as a link within a PDF file of the accompanying written materials. CDs and printed materials are shipped via USPS.
In September, private exchanges became front-page health insurance news when WellPoint and two large Blue Cross and Blue Shield plan operators acquired a majority interest in Bloom Health, which has developed a private exchange platform it offers to employers. The insurers plan to use the platform to launch a nationwide private insurance exchange. And next year, the consulting firm Aon Hewitt will begin enrollment in its exchange, which will use a multicarrier platform and target large employers.
Hear from executives at Bloom Health, Aon Hewitt and Extend Health, which has been operating the nation’s largest private Medicare exchange for five years, detail their work in private exchanges and how it is expected to change the health benefits marketplace. They will outline their plans for expanding private exchanges and project how the exchanges are likely to impact insurers, employers and enrollees.
You’ll get insider perspectives on key questions such as:
ABIR SEN is the founder and CEO of Bloom Health. Prior to founding Bloom Health, Mr. Sen was the co-founder and president of RedBrick Health. Under his leadership, RedBrick Health launched the industry-leading Health Earnings system, created innovative product and distribution partnerships, and achieved health improvement results that far outstripped any of RedBrick Health’s competitors. Before co-founding RedBrick Health, he co-founded Definity Health and was part of the team that invented the Personal Care Account, the predecessor to the Health Savings Account. Mr. Sen holds a B.A. in economics from Lawrence University and an M.B.A. from the Harvard Business School.
KEN SPERLING is Aon Hewitt’s Global Health Care Practice Leader, responsible for business strategy, thought leadership and service innovation across Aon Hewitt’s global health care business. He currently leads strategy and development of Aon Hewitt’s Corporate Exchange solution. During his 19-year tenure, Mr. Sperling has advised many Fortune 500 companies on their health care strategies and is a respected resource to the Wall Street community on health care market trends. Most recently, he led Hewitt’s health care reform team, advising members of Congress and the administration in the development and implementation of the health care reform legislation. Mr. Sperling holds a B.A. from Duke University and an M.B.A. from New York University.
BRYCE WILLIAMS is the president and CEO of Extend Health, which runs the largest private Medicare exchange in the country. Prior to joining Extend Health, Mr. Williams was the senior vice president of marketing and business development at eHealth, Inc., the parent of eHealth Insurance Services, Inc. Prior to eHealth, he served as director, development for OnCare, an oncology physician practice management company, and vice president and general counsel of Advance Paradigm, which was sold to Caremark, Inc. Prior to Advance Paradigm, Mr. Williams was a corporate transactions attorney at Jones, Day, Reavis and Pogue. He holds a B.A. from Baylor University and a J.D. from George Washington University.
Moderator: Jonathan Block, editor of AIS's Health Plan Week and The AIS Report on Blue Cross and Blue Shield Plans. (Not affiliated with the Blue Cross and Blue Shield Association or its member companies.)
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