The Boston Globe, August 6, 2010

Blue Cross Blue Shield of Massachusetts, the state’s largest health insurer, has agreed to reduce a dramatic rate hike for individuals and small businesses, becoming the fourth major insurance company to reach a deal with the state after regulators rejected their initial price increases four months ago. With this latest settlement, the state has struck deals with insurers covering 90% of the small business market, which affects more than 800,000 people in Massachusetts. The agreement, unveiled yesterday, also marks a key win for Gov. Deval Patrick, whose administration fought a high-profile battle to block major health insurers from imposing double-digit rate increases on small businesses this year. But Patrick administration officials acknowledge that they need to do more to keep rates from going up in the future.



Facebook icon
LinkedIn icon
Twitter icon