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Risk Adjustment Program Requiring Large Payments from Massachusetts Insurers
Lowell Sun 
July 1, 2015 "[T]he state Connector Authority issued notifications to inform 16 companies in the 650,000-person merged market of the new payments and charges under a risk adjustment program mandated under Obamacare. Boston-based Minuteman Health covers 15,000 people in Massachusetts and New Hampshire and is being hit with a charge of $3,064,679. 'It represents about 71 percent of our total premium for 2014,' CEO Tom Policelli [said] ... Connector officials say the program will result in $61 million in transfers among insurers ... [or] about 3 percent of the $1.98 billion in merged market premiums[.]" MORE >> |
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