Practice management

Towers Watson acquired Liazon Corporation, a leader in developing and delivering private benefit exchanges for active employees, last week. Representatives of the consultancy believe that this acquisition, which follows the purchase of Extend Health in June 2012, has solidified their position as the leading player in the private exchange market through its OneExchange solution.

The decision by CMS leaves just eight days for insurers to send bills to those signing up on the last day of the enrollment period.

Quandary emerges for brokers who trained on the systems but might not want the business.

Consulting firm Towers Watson announced today it has bought private health care exchange provider Liazon, which operates the Bright Choices exchange, for $215 million. The deal further validates the private exchange market, says one of Liazon's competitors.

Public support for the U.S. health care overhaul fell to its lowest level in a Kaiser Family Foundation survey after the Oct. 1 debut of government-run insurance marketplaces greeted consumers with breakdowns on websites, higher prices and potentially broken promises.

Republican senators introduced a bill this week that would prevent the exclusion of multi-employer health plans from a $63 reinsurance fee that the ACA imposes on each enrollee.

Kansas, North Dakota and other state insurance commissioners snubbed a meeting with President Barack Obama set up to discuss allowing some people to keep medical plans that don’t meet the requirements of the U.S. health law.

A public employer in California is building its own marketplace to mirror public exchanges under the Affordable Care Act — a potential idea for brokers for prospecting.

Agents think the road ahead is between providing more value-added services, including compliance advice, versus losing business. Some agents think that the choice is between sell more ancillary products or continue to watch revenues fall. In my mind, the real choice is this: Do you want to be an insurance agent or a fee-based adviser? The difference is huge.

A massive defined contribution storm is about to crash onto the employee benefits landscape. You can choose to ride it out to continued - or even greater - profitability, or you and your firm can get swept away. I've written that employer interest in the defined contribution model will explode in the next 12 months.