NFP Health & hCentive, Inc. announced today that Jeff Rich, CEO of NFP Health and Sanjay Singh, CEO of hCentive, will co-present a session titled ‘How the Supreme Court Decision Will Impact Private Exchanges’ at the AHIP Institute 2012 Exchange Conference in Salt Lake City, UT on June 20, 2012. NFP Health, a wholly-owned subsidiary of National Financial Partners Corp. (NYSE: NFP), a leading provider of benefits, insurance and wealth management services, is a pioneer in the design, implementation and delivery of Health Benefits Exchanges. hCentive is in the business of simplifying the complex world of health insurance.
The session will discuss the challenges and opportunities arising out of health care reform and the potential impact the U.S. Supreme Court decision will have on “private” health insurance exchanges (“Private Exchanges”). It will also address questions regarding investment and capabilities required by health plans to create and run successful Private Exchanges.
Commenting on today’s announcement, Mr. Rich said, “Now is a very interesting time for health plans, looking to evaluate the marketplace for better business opportunities. While the impending reforms promise some significant business opportunities for insurers, it is important to consider how the Supreme Court judgment will impact these Exchanges.”
Mr. Singh added, “Insurers are keen to understand the potential impact that the Supreme Court decision will have on the emergence of Private Exchanges. Having interacted with a wide variety of insurers and policymakers, hCentive brings critical insight into the situation and how insurers can make the most of the ever-changing landscape.”
Chris Condeluci, an expert on the legal aspects of PPACA, ERISA, and State insurance law and how these laws may impact Private Exchanges, will also participate in the panel discussion. Mr. Condeluci said, “Private Exchanges are the future. I believe that regardless of whether PPACA is upheld, modified, or halted by a Supreme Court decision, Private Exchanges will play a critical role in any new health care marketplace. With NFP Health’s long-standing experience with Private Exchanges and hCentive’s deep expertise, Jeff and Sanjay are uniquely positioned to shed some light on the direction that Private Exchanges will take moving forward.”
What: AHIP Institute 2012 Exchange Conference
Topic: How the Supreme Court Decision Will Impact Private Exchanges
Where: Calvin L. Rampton Salt Palace Convention Center, Salt Lake City, UT
When: June 20, 2012
About NFP Health: As a pioneer in the design, implementation and delivery of Health Benefits Exchanges, NFP Health has a long record of operating one of the largest and most successful Benefits Marketplaces in New England: HSA Insurance. With its HSA Insurance division, NFP Health operates the leading independent and full service insurance exchange, covering over 150,000 lives with a full scope of products and services. NFP Health (a “d/b/a” of Massachusetts Business Association, LLC) is a wholly-owned subsidiary of National Financial Partners Corp. (NYSE: NFP). For more information, visit www.nfphealth.com.
About hCentive: hCentive is in the business of simplifying the complex world of health insurance. hCentive provides technology solutions for health insurers and state health agencies. These solutions help them reduce cost and administrative complexity, while enhancing relationships with their customers. hCentive is the first organization to build an exchange solution from the ground-up post the PPACA. hCentive has developed a deep understanding of the healthcare reform and have created solutions and services that align with federal and state regulations and meet or exceed all industry standards. For more information, visit www.hcentive.com.
About NFP: National Financial Partners Corp. (NYSE: NFP), and its benefits, insurance and wealth management businesses provide diversified advisory and brokerage services to companies and high net worth individuals, partnering with them to preserve their assets and prosper over the long term. NFP advisors provide innovative and comprehensive solutions, backed by NFP’s national scale and resources. For more information, visit www.nfp.com.