The Mortgage Bankers Association will form a new private health care and employee benefits exchange, called MBA Health Link, for member companies.
Insurer brokerage Arthur J. Gallagher & Co. will partner to create the MBA's health exchange. The companies hope that by pooling the MBA's members and combining defined employer contributions with a private employee exchange they can lower health care and benefit costs.
"Employers have a lot of questions when it comes to navigating the ever-changing benefits landscape," Ethan Hendrickx, the North Central region area vice president for Gallagher said in a release, alluding to the shifting landscape of healthcare since implementation of the president's health care reform law. The creation of this exchange comes on the heels of the now near-complete rollout of the Patient Protection and Affordable Care Act's provisions.
The MBA isn't the only trade group to start its own exchange. Industree, a hospitality trade organization in the Washington metro area, rolled out its exchange this past summer.
In March, the Associated General Contractors of America announced it plan to launch a new private insurance exchange in cooperation with Willis North America.
