SPI plans private health care exchange

By Gayle S. Putrich
Staff Reporter

Published: February 14, 2014 1:21 pm ET
Updated: February 14, 2014 1:24 pm ET

Image By: SPI Carteaux

Related to this story

Topics Public Policy
Companies & Associations Bill Carteaux, Society of the Plastics Industry Inc.

ANAHEIM, CALIF. — The Society of the Plastics Industry Inc. is set to launch a private health care exchange for its members on March 1, the trade group announced Feb. 12 at the MD&M West trade show in Anaheim.

The private healthcare exchange and benefit management platform will be called SPI Healthlink and administered by Illinois-based insurance and risk management services firm Arthur J. Gallagher & Co.

The project has been in the works for more than a year, said SPI President and CEO William Carteaux. Steve Petrakis, a 35-year plastics industry veteran now with Conair, helped bring SPI and Gallagher together, leading the charge for a members-only benefit program through SPI for years, Carteaux said.

Accelerating costs, the changing legislative landscape and sweeping changes in the industry are finally converging to make the offering possible, he added.

"We've been getting asked for years to start a health care plan for the industry. It's never been possible in the past because of the state laws… If there's one bright spot to Obamacare ... it's the fact that we can finally create this," Carteaux said.

"It's a tremendous opportunity for businesses and people to get what they need and what they want in a cost-effective manner."

Gallagher is creating "a suite of solutions to meet the needs of SPI members, designed to be holistic," said Mark Orzechowski, senior vice president with Gallagher Benefit Services.

In addition to the private health care exchange platform, participating member businesses will have access to Gallagher's consulting services, including advice on how to tackle current and evolving health care and benefit issues, specific to issues facing plastic businesses.

"This is for businesses — small businesses, medium businesses, large businesses. We, working with SPI, have designed a very comprehensive set of solutions."


Comments

SPI plans private health care exchange

By Gayle S. Putrich
Staff Reporter

Published: February 14, 2014 1:21 pm ET
Updated: February 14, 2014 1:24 pm ET

Post Your Comments


Back to story


More stories

Image

Dow seeking new ruling on fine

October 16, 2014 6:58 am ET

Dow Chemical Co. has asked the 10th Circuit Appeals Court in Denver to think again about its decision to reject Dow's appeal against a $1.1 billion...    More

Image

$4 billion PE project for North Dakota

October 14, 2014 2:05 pm ET

North Dakota's largest-ever private investment — $4 billion — is being aimed squarely at the plastics industry, polyethylene in...    More

Image

Lightweighting continues as the top theme for the auto industry

October 13, 2014 6:00 am ET

Polypropylene materials from Borealis AS are offering lighter weight and sustainability in the auto market.    More

Image

Plastics firms ramp up production, donations in Ebola fight

October 10, 2014 3:57 pm ET

As health care workers around the world battle the spread of Ebola, plastics processors are doing their part — ramping up production and even...    More

Image

Housing market stirs PVC potential

October 10, 2014 12:59 pm ET

North American PVC makers should continue to benefit from a stronger housing sector, while global polystyrene growth will improve somewhat in a still ...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events