From 2014 to 2015, enrollment in private exchanges doubled from 3 million to 6 million, with mid-sized employers contributing most to the increase, according to an Accenture report. Enrollment in private exchanges is projected to grow to 12 million in 2016, 22 million in 2017, and 40 million by 2018.
Some experts believe that prediction may be a little too rosy, including Paul Lambdin, director, health plan exchange practice leader at Deloitte Consulting LLP in Stamford, Connecticut.
"The adoption rate is not tearing up the employer marketplace, but I think there will be movement," Lambdin says. "Benefit managers are cautious people. It has taken 15 years for high-deductible plans to become the sole offering in 20 percent of employers, and many had predicted a more rapid adoption."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
