Towers Watson this week projected that enrollment in its private exchange will increase by 50 percent over last year, surpassing one million enrollees.
Envision Healthcare, Time Inc. and Starwood Hotels & Resorts Worldwide recently chose to use Towers Watson's private exchange, called OneExchange, for employee health insurance, Towers Watson said. With these clients on board, the company senses that it is gaining even more traction in the private exchange market.
Specifically, Towers Watson "expects about 1.2 million employees, retirees and their eligible family members from over 1,500 employers to choose their health care and other insurance coverage through Towers Watson's exchange solutions in 2015," the company said in a release. "This is up from over 800,000 individuals at the end of 2014, representing a 50 percent increase in the number of people who could evaluate, select and enroll in their benefits through Towers Watson's private exchange solutions."
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
