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

Investigation continuing into injury at Windsor mold maker

July 25, 2014 12:57 pm ET

Canadian authorities are investigating an incident in which a worker's foot got caught in a machine at Crest Mold Technology Inc. in Oldcastle,...    More

Image

Bioplastics maker wins government funding

July 25, 2014 12:13 pm ET

Canadian bioplastics maker Solegear Bioplastics Inc. has won $1.6 million in funding from the government-sponsored Western Innovation Initiative...    More

Image

Rail improvements also allow rotomolder to improve operations

July 24, 2014 3:10 pm ET

An infrastructure improvement grant from the U.S. Commerce Department is helping an Indiana plastics plant expand its product line and add jobs.    More

Image

Study: 100 times less plastic than expected polluting ocean surface

July 23, 2014 3:46 pm ET

There's as much as 100 times less plastic floating on surface of the world's oceans than would be expected given the mushrooming use of the material...    More

Image

Molder provides quality parts and quality work for disabled adults

July 23, 2014 2:40 pm ET

Coarc Manufacturing Inc. does injection molding, assembly and all of the work of traditional manufacturer, but it also serves as part of Coarc Inc. a ...    More

Market Reports

Injection Molders Market Report & Ranking 2014

This special package contains our 132-page 2014 Market Report on the Injection Molding segment and our exclusive 2014 RANKINGS database of 500+ Injection Molders for a discounted package price.

Learn more

Plastics Recycling Market Review & Outlook 2014

This special report from Plastics News examines the North American plastics recycling industry and provides insight into indicators that impact market viability, including Resin pricing trends for virgin and recycled market material and historical Resin production trends for post- consumer and industrial waste.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

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

More Events