Private health insurance exchanges are gaining currency as a way for employers to cut health care costs, reduce their administrative burden and increase the benefit choices they offer to covered employees. The Private Exchange Evaluation Collaborative ("PEEC" or "The Collaborative") is a new initiative that solicits and provides to employers unbiased, comparative information and support on private exchange strategies and purchasing decisions.
Why PEEC is Important
Multiple studies now indicate that U.S. employers are increasingly looking at private exchange options for both active and retired employees. Brokers, consultants, payers and other intermediaries offer private exchanges, but a mix of vested interests is at play among these service providers.
PEEC is the first independent, objective initiative designed to support employers in developing private exchange strategies and evaluating potential choices among exchange vendors.