"There is currently no regulation of private exchanges

... and they're all fragmented in how they do things. There was a need to create an infrastructure for the industry that lets us all be a little more effective, but still lets us all compete. We ultimately want to have a place where policy makers, vendors, media and others can look to as the group that defines what private exchanges are."

— David Smith, a partner and director of payer services at Leavitt Partners, LLC, told AIS's Inside Health Insurance Exchanges for a story on the newly formed Private Exchange Coalition.