Private health exchanges are the hot topic in healthcare right now. Many large human resource consulting firms have launched their own private exchanges, spurring the potential for biased advice and conflict of interest.
The May 2014 digital edition of Employee Benefit News features Blurred Lines by Andrea Davis.
As employers begin to look at private exchanges as a means to provide health care benefits to their active employee population – 45% of employers surveyed recently by the Private Exchange Evaluation Collaborative said they have implemented or plan to consider using a private exchange for full-time active employees before 2018 – questions are being raised about potential conflicts of interest for consulting firms that also act as exchange purveyors.
“I think that the private exchanges are rife with conflict of interest, because they’re being mounted by people who are supposedly advising them, and so there are issues there,” says Brian Klepper, president and CEO of the National Business Coalition on Health.
For the full article from EBN, please click here.