This blog has been very interested in the rise of private health insurance exchanges, sponsored by large employers. Accenture, a consulting group, reports that the number of Americans already enrolled in private exchanges is three million, and set to meet or beat enrollment in ObamaCare exchanges by 2017:
As exchanges allow employers to offer an expanded set of products across multiple carriers, the amount and complexity of data being managed also grows. While some employers previously offered only a few plan options (typically less than three) for medical insurance, often with no carrier choice, now they may be managing five or six medical plans from three to five carriers — not to mention the additional products and carriers for dental, vision, life and other types of voluntary or ancillary insurance.
It is a huge challenge, but one that employers will have to meet if they hope to preserve the ability to offer health benefits in an environment where the government has given itself such a significant advantage over both employers and individuals. Proponents of private exchanges expect to see jumbo employers, with over 100,000 workers, start signing up for private exchanges this fall.