‘Unacceptable’: Health insurer for 460K Mass. public workers goes broke without backup plan

A Massachusetts agency that oversees health insurance for 460,000 public employees, retirees and their dependents is unable to pay providers after running out of money.

But a Massachusetts group is calling it “unacceptable” for the insurance agency to have a lack of backup options.

In January, The Group Insurance Commission (GIC) Executive Director Matthew Veno had flagged the agency’s budget shortfalls as a concern…

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