Filed Under:Markets, Employee Benefits

Insurers flock to private exchanges

The fate of public exchanges under health reform is still up in the air as states struggle with implementation, but private exchanges are gaining momentum among insurers and employers alike.

Health consulting firm Mercer said that 10 major insurance carriers — including Aetna, Cigna, Humana, UnitedHealthcare and a number of Blue Cross and Blue Shield plans — have signed on to the firm’s private exchange for 2014 enrollment.

In many circles, private exchanges have been more popular than their public counterparts. While states still grapple with how to deal with their public exchanges, private exchanges have been getting good feedback, industry insiders say.

Consulting firm Aon Hewitt, which launched its corporate exchange last fall, said last month that more than 100,000 U.S. employees successfully enrolled in health benefits through its exchange during the 2013 annual enrollment period last fall.

Originally published on BenefitsPro. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

Nichole Morford
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