A group of five private exchange firms have hired Leavitt Partners to help them set up a new trade group, the Private Exchange Coalition (PEC).
PEC hopes to develop and share data standards and give information to consumers, employers, insurers and policymakers, organizers say.
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What Your Peers Are Reading
The founding co-chairs are Simeon Schindelman of Bloom Health, who has also been an executive at Medica Health Plans and UnitedHealth Group Inc. (NYSE:UNH), and Ryan Howells, a Connecture executive.
The founding leadership team also includes Jonathan Rickert of Array Health; Paul Neutz of Array Health; Ann Mond Johnson of ConnectedHealth, Eugene Sayan of Softheon, Michael Hendershot of Softheon, and several representatives from Leavitt Partners, including Rich McKeown.
For more news from a health insurance market reshaped by the Patient Protection and Affordable Care Act (PPACA), read on.
Who’s working how much?
ADP, a payroll and human resources company, looked at aggregated data for about 75,000 U.S. client organizations with 10 million employees and found evidence that reports of PPACA leading to the demise of the full-time job may be exaggerated.
PPACA defines a full-time worker as a worker who works 30 or more hours per week, and some have suggested that employers will try to reduce exposure to the PPACA “play or pay” employer mandate by taking aggressive steps to hold down worker hours.
ADP analysts found that that the share of people in its sample who were working less than 30 hours per week fell to 13.3 percent in 2014, from 13.6 percent in 2013, and that the share of workers who were working 30 to 34 hours per week fell to 4.2 percent, from 4.7 percent.
The share who were working 35 or more hours per week increased to 82.4 percent, from 81.7 percent.