Employers See Choice As A Key Value Of Private Exchanges
June 1, 2016
While private exchanges often are touted for their potential cost-savings, choice is the key value that nearly three-fourths (72%) of U.S. employers highlighted in a recent Willis Towers Watson survey.
The 2016 Willis Towers Watson Emerging Trends in Health Care Survey surveyed 467 employers, representing 12.1 million employees, in January 2016. Moreover, post-enrollment surveys of employees using exchanges show that employees like to choose for themselves and are happy with the choices they’ve made.
According Sherri Bockhorst, managing director of group exchanges for Willis Towers Watson, choice does not mean leaving employees to fend for themselves. Said Bockhurst, “When choice is backed by advanced decision support and recommendations, exchanges help employees navigate complex options and make good decisions based on their needs. As a result, employees better understand their benefits and are able to derive more value from them.”
To read the complete release from Willis Towers Watson, click here.
For an infographic on the survey results, click here.