Insurance
Lawmakers Leave Insurance Discounts To Last Minute
Massachusetts drivers and homeowners risk losing out on millions of dollars’ worth of insurance coverage discounts if lawmakers end their two-decade tradition of regularly suspending a unique statutory requirement, according to an insurance trade group.
Report: Health Costs Still A Barrier Despite Low Uninsurance Rate
The Massachusetts uninsurance rate remained well below the rest of the nation for health coverage this year at 3.7 percent, but nearly one in 10 Bay State residents were underinsured, according to a new state report.
Guest Post: Imminent NFIP Lapse Will Mean Trouble For Homebuyers In Flood Plains
If there is one thing that 2017 has taught us, it’s that uncertainty is certain. From international dealings to domestic policy, no time has been as uncertain as now. There’s no exception when
California Department Of Insurance Seeks To Suspend Wells Fargo’s Licenses
The California Department of Insurance is seeking to suspend or revoke Wells Fargo & Co.’s licenses for alleged improper insurance sales practices related to the company’s online insurance referral program.
CVS Health To Acquire Aetna For $69B In Year’s Largest Acquisition
U.S. drugstore chain operator CVS Health Corp. said on Sunday it had agreed to acquire Hartford, Connecticut-based U.S. health insurer Aetna Inc. for $69 billion, seeking to tackle soaring health care spending through lower-cost medical services in pharmacies.
Personnel File
BayCoast Bank, The Dowd Agencies and Hobbs Brook Management are among those featured in this week’s roundup.
Contraception Coverage Expansion Reaches Baker
The Legislature finalized a bill Tuesday that guarantees women access to birth control without insurance co-payments, sending to Republican Gov. Charlie Baker a measure intended as a response to President Donald Trump’s actions.
Baker: Senate Health Bill Won’t Save State Money
Gov. Charlie Baker is questioning whether a wide-ranging health care bill under consideration in the Senate would save the state any money.
Price Caps Under Review On Eve Of Senate Health Debate
Sen. James Welch defended Senate leadership’s approach to addressing hospital price variation in the face of criticism Tuesday from insurers who warned that without adjustments the bill moving forward this week could lead to higher premiums for consumers.
In Switch, State Health Exchange Will Post Steep Rate Increases
The Massachusetts Health Connector announced last week it would use the lower of two rate sets for some of its plans, but President Donald Trump’s decision hours later to end certain federal insurance subsidies means the Connector will use the higher rates after all.
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.