Insurance
New York Life Occupies Rockland Offices
New York Life has occupied its newly built-out offices at 1050 Hingham St. in Rockland.
AG Healey Warns Providers Against Charging For Opioid Addiction Treatment
Attorney General Maura Healey has sent a letter to doctors who provide addiction treatment services through the state’s Medicaid program, MassHealth, warning them against unlawfully charging people struggling with opioid addiction and vowed to take immediate and aggressive action against those who try to illegally profit off of vulnerable patients in Massachusetts.
Health Insure Price Spikes Riding On Fate Of Fed Subsidies
Some consumers who buy their health insurance through the Massachusetts Health Connector could see their premiums rise by more than 25 percent next year if the federal government makes good on threats to end certain subsidies or if the fate of those subsidies remains unclear next week.
BMC, Tufts Snag MassHealth Contracts Worth $1B
Boston Medical Center Health Plan and Tufts Health Public Plans have signed state contracts with a combined value of $1 billion per year to manage care for between 150,000 and 200,000 MassHealth members, the state announced Tuesday.
Missed Funding Deadline In D.C. Leaves Health Centers On Edge
Massachusetts officials are sounding the alarm over a possible loss of federal money for certain health care programs, and advocates said its impact has already hit community health centers.
CATIC Opens New MA Office
Title insurance underwriter CATIC has expanded operations in New England and opened a new office a new office in Yarmouth Port.
AIG To Restructure Operations Into Three Business Units
American International Group Inc. said on Monday it would reorganize into three new business units and will no longer have Commercial and Consumer businesses.
Baker: Fed Bill Would Force Mass. Coverage Retreat, Or Revenue Search
Passage of the Graham-Cassidy health care reform bill in Congress would force Massachusetts to either “dramatically step back” from its decades-long commitment to expanding coverage or find huge sums of new revenue or money within the budget to keep programming going, Gov. Charlie Baker said Thursday.
Business Interrupted: Hurricane-Damaged Firms Dig In For Insurance Fight
Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers.
Markey And Warren Back Single-Payer Legislation
Both Massachusetts senators are now backing a bid to establish a federal single-payer health care system in the United States.
Former Transportation Security Officer Sentenced for Workers’ Compensation Fraud
A former transportation security officer pleaded guilty and was sentenced recently in federal to fraudulently obtaining over $30,000 in workers’ compensation.
Baker Outlines Health Care Ideas In Testimony To US Senate Panel
Gov. Charlie Baker, in a significant moment for the moderate Republican on the national stage, will testify Thursday before senators in Washington where, based on his written testimony, he plans to admonish the tenor of the debate over health care and urge a minimum two-year extension of premium cost sharing reduction payments worth millions of dollars to health insurers and residents in Massachusetts.
Senators Talk With Industry About Health Care Bill
A Senate working group has wrapped up its series of public discussions on health care cost drivers but will continue talks with industry officials as its members aim to produce new cost control legislation this month or next.
Personnel File
Architectural Resources Cambridge, Coastal Heritage Bank and Perry Brokerage, among others, are featured in this week’s roundup.
Hurricane Harvey Flood Loss Could Reach $37B
Preliminary residential loss estimates for Hurricane Harvey are in, and an estimated 70 percent of flood damage from Hurricane Harvey is not covered by any insurance.
New Report Outlines Financial Condition Of MA Hospitals
Most acute care hospital systems in Massachusetts were profitable during the 2016 fiscal year, but the median financial margin fell from the previous fiscal year, according to a new state report.
Personnel File
A slew of financial institutions, among others, are announcing changes to personnel in this week’s roundup.
Senators Explore Challenges To Long-Term Health Care
Questions of how best to fund long-term care and how to encourage the use of community-based health services over costlier institutions are among the issues facing a group of senators developing legislation aimed at reining in health care costs.
AG Returns $500K To MassHealth In Settlement With Springfield Dentist
The Office of the Attorney General has reached a settlement with a pediatric dentist in Springfield, returning $500,000 to the state’s Medicaid program (MassHealth) and resolving claims that the dentist improperly billed the program for services.
Personnel File
Tighe & Bond adds three to its team, Eastern Bank announced two leadership appointments and 10 other organizations announce personnel changes in this week’s personnel file.
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