Excellus CEO says insurers will be ready for exchanges


Health insurers will be ready to sell plans within the health insurance exchanges when they launch January 2014, says David Klein, CEO of the Lifetime Healthcare Companies, which owns Excellus Blue Cross Blue Shield in New York. In an interview with Forbes, Klein explained that Excellus is already taking steps to prepare, including redoing product portfolios and building business-to-consumer web portals. "This is a significant growth opportunity," Klein said. "It's also, if not well attended, a significant opportunity to take a loss. So, we will be there." Article