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NY health insurer drops some Medicare plans, forecasts deficit

By Albany Business Review  
   September 17, 2014

MVP Health Care, an insurer based in Schenectady, New York, is dropping some of its plans tied to Medicare and raising rates for other related coverage under the health care program for elderly people. Denise Gonick, president and CEO of MVP Health Care, delivered the announcement during a news conference this morning. She also said the Schenectady-based insurer with about 700,000 members in New York is projecting it will run at a deficit in 2015 because of the issue. Gonick said the decision was prompted in part by reduced reimbursement payments tied to Medicare, the federal program generally covering people age 65 and above.

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