Earlier this year, we linked to a Wall Street Journal report that two major employers – Sears Holding and Darden Restaurants – had switched to an exchange-based model for their employees healthcare. But is it wise? Our own chief medical officer, Dr. Ray Fabius, has penned a guest column for Employee Benefit News tackling that very question. In it, he writes:
“The logic behind the approach is simple; By creating a marketplace, employees will be able to comparison shop and insurers will compete harder to get workers to select their plans, ultimately lowering health care costs. Unfortunately, the realities of health care consumerism do not follow simple logic.”
To read the full article, click here.