In a decisive move for the wallets of Massachusetts residents and business owners, Governor Maura Healey shared the news of a hefty $4.5 million slice off the projected health care premiums for the upcoming year. According to a statement released by the Governor’s office, this financial reprieve is thanks to the Division of Insurance’s tough stance in talks with six health insurers over their proposed rate hikes.
A total of 421,252 individuals and businesses involved with Fallon Community Health Plan, Health New England, Harvard Pilgrim Health Care, Mass General Brigham Health Plan, Tufts Health Public Plans, and United Healthcare are set to benefit from the re-negotiated lower rates. However, not all proposed increases got the stamp of approval, Blue Cross Blue Shield of Massachusetts HMO Blue, Inc. and WellSense Health Plan were met with disapproval from Commissioner Michael Caljouw citing the proposed hikes as “excessive and inconsistent” with his dedication to the state’s consumers and businesses, these disapprovals can be contested through an administrative appeals process if the companies wish to go down that road…