A recent poll by the National Business Group on Health (NBGH) found that 35 percent of large employers plan to offer their employees coverage through private exchanges by 2016.
Accenture released a report this past June 2014, which projects that the number of enrollees in private exchanges will surpass the number of enrollees through the ACA-mandated public exchanges reaching 40 million by 2018.
Private exchanges and marketplaces are also growing in number. Every day there is an announcement for a new exchange or marketplace for employers to choose from.
What does all this mean? Where do you fall? Are you thinking about launching a private exchange? Are you thinking about offering your products on an exchange platform? Or are you an employer that is thinking about a plan for your employees?
Here at KTP Advisors, we understand how confusing and complex the private exchange marketplace may be. We understand that most employers do not have the time to shop through the different private exchange solutions to figure out what may be the best fit for their organization’s benefit strategy. However, this decision is of utmost importance. Before employers sign on, they need to do their due diligence and learn about the various options. That is where KTP comes in! Here at KTP, we believe that finding the right private exchange strategy starts with asking the right questions.
KTP Advisors is constantly performing extensive research to provide a completely unbiased and independent evaluation of the private healthcare exchanges and marketplaces that have emerged. KTP does not have their own exchange and is not affiliated with any.
Please check back for updates as much more information, including a comprehensive market map, will be released in early October, 2014!