Health insurance exchanges have been getting a lot of attention lately but it’s awfully confusing to make sense of all that’s happening. So I asked Bryce Williams, Managing Director of Exchange Solutions at Towers Watson to shed some light on the subject.
In this podcast interview Bryce and I discuss:
- The different types of private insurance exchanges: exchanges for active employees, early retirees, and Medicare-eligible retirees
- The relationship between private and public exchanges
- Why the notion of exchanges stirs up so much angst
- The analogy between exchanges for retiree health benefits and 401k’s for pension benefits
Along the way you’ll hear Bryce explain why BushCare might be an appropriate moniker for the Medicare exchanges, how exchanges enable mass personalization of benefits, and why 97% of exchange users are satisfied.
By David E. Williams of the Health Business Group.