SOURCE: Lumenos

June 07, 2005 10:00 ET

Top Consumer-Driven Health Care Organizations to Merge in 2006

CDHCA and HSA Coalition Are Combining Efforts to Support Health Care Consumerism, Will Host November Forum in Washington, D.C.

ALEXANDRIA, VA -- (MARKET WIRE) -- June 7, 2005 -- Today the Consumer-Driven Health Care Association (CDHCA) and the HSA Coalition announced plans to merge on January 1, 2006. This merger will bring together two of the leading organizations supporting the transformation of the health care industry. The merged organization will retain the name HSA Coalition, and the former CDHCA will be known as the Consumer-Driven Health Care Institute (CDHCI), a division of the HSA Coalition. The new HSA Coalition will become the leading policy, advocacy and educational resource for the rapidly growing consumer-driven health care industry.

"What has happened in the health care industry in just a few years is astonishing," said Dan Perrin, executive director of the HSA Coalition. "Consumer-driven health care is changing the way consumers, employers and providers think about health care. This merger allows us to continue to facilitate this transformation, both by educating the public and by supporting legislation and other steps to foster health care consumerism."

As a division of the HSA Coalition, the CDHCI will focus on education and research to support the Coalition’s advocacy efforts. In addition, the Coalition will continue the HSA Insider, a Web site that provides up-to-date information on legislation and other issues affecting HSAs and consumer-driven health care.

More than 3.2 million Americans are currently enrolled in consumer-driven health plans, which seek to improve health care quality and control health care costs by giving consumers more control of their health care dollars and decisions. The leading types of consumer-driven plans include Health Reimbursement Accounts (HRAs) and the more recent Health Savings Accounts (HSAs), which were authorized by federal legislation in 2003. Both HRAs and HSAs provide health accounts that consumers can use to pay for medical expenses. These accounts are offered in conjunction with traditional health coverage that protects the consumer from large medical costs.

"Both of these organizations have been working toward the same goal, which is to make health care work better by empowering consumers," said Doug Kronenberg, chairman of the CDHCA and chief strategy officer of Lumenos (www.lumenos.com), a pioneering company in the consumer-driven health care movement. "As this concept has taken root and grown, so has the challenge of supporting it. Working together, we can offer more support for consumers and the industry as consumerism moves from a radical idea to the cornerstone of the health care system."

The first mission of the newly formed CDHCI will be to sponsor a Washington Forum, which will be held November 16-17, 2005 at the Wyndham Washington. The Washington DC Forum -- "The Rise of the Consumer: A Healthy Change for Health Care" -- will bring together leading benefit professionals to share how engaged consumers will transform the future of health care. The CDHCI Web site will have information about this event in a few weeks. In the future, the site will offer research and public education materials for both the industry and consumers.

About CDHCA

The CDHCA was founded in 2001 by the leading consumer-driven health care companies and has served as the prime source of education for consumers about consumer-driven health care. Participating member companies include Lumenos, Destiny Health, Vivius, HealthMarket and MyHealthbank. For more information on the CDHCA and its members, please visit www.cdhca.org.

About the HSA Coalition

The HSA Coalition has been in existence for more than a decade and has helped focus legislative efforts in support of Health Savings Accounts (HSAs), one of the best-known types of consumer-driven health plans. For more information on the HSA Coalition, please visit www.hsainsider.com.

Contact Information

  • Contacts:

    Mary Angela Shannon
    Lumenos
    (703) 236-6312

    Danny Maiello
    (202) 828-8899

    press@lumenos.com