The Wall Street Journal reports:
Two big employers are planning a radical change in the way they provide health benefits to their workers, giving employees a fixed sum of money and allowing them to choose their medical coverage and insurer from an online marketplace. …
The hope is that insurers will compete more vigorously to get workers to sign up, which will lower overall health-care costs. …
“Within the next two or three years, it’s going to be mainstream,” said Ken Goulet, executive vice president at WellPoint Inc.
Read more: Big Firms Overhaul Health Coverage – WSJ.com.
Grace-Marie Turner of the Galen Institute discusses this trend at Fox Business:
