Quote of the Day

“With WellPoint’s acquisition of Bloom Health a while ago and Cigna’s announcement of their benefits marketplace earlier this year, Aetna was feeling like the odd player out and had a compulsion to quickly get into the private exchange market with a bona fide offering, which is what [Aetna’s purchase of the exchange technology platform bswift] brings them. I do think the jury’s out as to the viability of single-carrier proprietary private exchanges, but these are organizations that have demonstrated the ability to capitalize on other market mega trends and that’s what we’re starting to see relative to private exchanges.”


— Jay Savan, a partner at Mercer LLC, told AIS’s Health Plan Week