There’s been a lot of talk about the different type of exchanges available – specifically, “public” vs. “private” exchanges. Here's a quick overview to help you sort it out: Public exchanges enable certain consumers – unemployed individuals, individuals without employer-sponsored plans and some small companies – to purchase health insurance. These government-run marketplaces offer insurance plans from private insurers. Private exchanges, on the other hand, are available only to employees of companies that choose to participate in it.
These four key factors help define the difference between public and private exchanges: