Public Health Care Insurance Exchanges are not the answer for everyone.

Public Health Care Exchanges are options. They provide competition to keep insurers honest and competitive. The provisions of the Affordable Care Act is a requirement and not an option. Everyone insured in the USA will be receiving the same baseline insurance. No one can be thrown off their health insurance and there are no lifetime caps. 

By Beth Pinsker

NEW YORK
Wed Sep 18, 2013 1:07pm EDT
 

(Reuters) - Walgreen Co, (click here) the largest U.S. drugstore, is moving 120,000 employees to a private health insurance exchange where they can choose a plan from multiple insurers, a sign of the shifting landscape for corporate healthcare because of rising costs.

The pharmacy chain and 17 other large employers will offer their employee insurance for 2014 through the Aon Hewitt Corporate Health Exchange, part of a national move in which companies are playing a less direct role in providing health insurance coverage themselves....

Walgreens have taken the legislation seriously and created their own health care exchange option for their employees to increase their choice according to need. I think it is great and I believe this was inspired by The Affordable Care Act.

Health care costs are an issue. The Affordable Care Act states any premiums collected by any insurance company has to reflect 85% of their expenditures. Costs are important and the more the cost is contained the better the premiums will become. 

...The end-cost of these plans sold on these different types of exchanges depends on the plan chosen, but the purchasers will have more options than under traditional arrangements. The Aon Hewitt exchange that Walgreen is using will offer employees insurance plans from multiple companies including UnitedHealth Group Inc and Aetna....

We all know the larger the health care pool the better the subscription costs.

...Aon Hewitt says other participants in its program include retailer Sears Holding Corp and Darden Restaurants Inc. These new additions raise enrollment to 330,000 from 100,000 last year, and Aon Hewitt estimates enrollment will jump to 600,000 next year, a fivefold increase from 2012....

Aon (click here) is not a new insurance company. They provided optional insurances such as vision, dental and disability for some time. Aon Hewitt should consider becoming active in Public Exchanges if their partners are willing to participate. There are some States challenged to list Insurance Exchange participants of more than two choices.