Industry News Archive

MassHealth, massive headache – Governor Baker’s proposal to control soaring costs by levying an assessment on companies isn’t going down well with Massachusetts business leaders


….. for the first time, a major rift has opened up between business leaders and the Republican governor. Baker has been backed into a corner by the soaring expense of MassHealth, the state’s publicly subsidized health insurance program for lower-income residents. MassHealth now accounts for about 40 percent of the state budget…..

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Health Rates Rising For Small Firms


Health insurance premiums for Massachusetts’ small businesses and individuals covered by Harvard Pilgrim Health Care will rise by double digits over the next six months, nearly twice the pace of last year.

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Cyber Thieves Want Your Medical Records


Today, according to cybersecurity specialists, criminals hoping to scoop up valuable personal data are increasingly targeting health care companies — from local doctor’s offices to major health insurers.

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UnitedHealth considers ditching ACA’s exchanges due to giant losses


UnitedHealth Group has lost $425 million from health plans sold on the Affordable Care Act’s marketplaces, which forced the company to lower its profit projections for the rest of the year. The company suggested it may exit the exchanges altogether by 2017.

It’s a potentially huge blow to President Barack Obama’s healthcare reform law, which has already suffered from the demise of half of its not-for-profit health insurance co-ops

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IRS Announces 2016 Pension Plan Limitations; 401(k) Contribution Limit Remains Unchanged at $18,000 for 2016


The Internal Revenue Service today announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change for 2016

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Visits to the doctor cost more as hospitals buy practices


The cost of visiting the doctor is climbing as hospitals scoop up a growing number of physicians’ groups, according to a Harvard Medical School study.

Researchers found that when small doctors’ practices join large hospitals, their patients pay an average of $75 more every year for outpatient services like check-ups, even though the number of appointments stays the same.

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State health plan bugs remain


Software defects that have dogged the Massachusetts Health Connector are significantly more severe than expected, forcing the agency to scale back its ambitions for the fall open-enrollment period, state officials revealed Thursday.

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Mass. health insurers blame taxes, fees for loss


The state’s four largest nonprofit health insurers said Friday that hefty taxes and fees related to the federal health care law caused them to lose a combined $124 million on operations in the first three months of the year.

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Courts issue opposite decisions on health care


WASHINGTON — Two federal Appeals Court panels issued conflicting rulings Tuesday on whether the government could subsidize health insurance premiums for people in three dozen states that use the federal insurance exchange.

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Health insurance rates up slightly for small employers, individuals. (Boston Globe, 5/17/2014)  Continue reading ->

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