The Movement from Defined Benefit to Defined Contribution: How the Rise of Healthcare Exchanges Is Accelerating Adoption
For decades, employer-sponsored healthcare in the United States has operated on a defined-benefit model: companies selected a plan (or a small set of plans), negotiated annual renewals, absorbed unpredictable cost increases, and attempted to balance affordability with adequate coverage for employees. While this model served its purpose in a more stable benefits environment, it has …

