Many Massachusetts health insurers are struggling to make profits after experiencing financial challenges last year, the Boston Business Journal reports.
The three biggest insurers in Massachusetts--Blue Cross Blue Shield of Massachusetts, Harvard Pilgrim and Tufts Health Plan--should all improve their price transparency efforts required under state law, according to an evaluation from advocacy group Health Care for All.
Boston-based Neighborhood Health Plan, best known for managing the care of low-income Medicaid patients, is accelerating a push into the crowded large-employer market.
As the Affordable Care Act continues to negatively impact insurers in Massachusetts, sometimes causing major financial hits, they're taking specific steps to regain financial stability.
An updated Blue Cross Blue Shield of Massachusetts policy blindsided a patient recently because it would not cover the full cost of a her mastectomy, saying removing the breast without cancer was unnecessary.
It was a tough 2014 for three of Massachusetts' largest insurers.
The alternative quality care contract that Blue Cross Blue Shield of Massachusetts has had in place since 2009 could serve as a payment reform "backbone" for other insurers as they increasingly reward quality, efficient care, according to a new report from Avalere Health.
The CEO of Blue Cross Blue Shield of Massachusetts remains convinced the healthcare industry can rein in costs in a way that pleases both political parties, The Boston Globe reported.
FierceHealthPayer spoke with BCBSMA Senior Vice President of Performance Measurement and Improvement Dana Gelb Safran to find out how the insurer continues to use global payments to cut medical costs and improve patient care.
Through a precertification program launched in 2012, Blue Cross Blue Shield of Massachusetts reduced prescriptions for opioids such as Percocet by 20 percent and halved the prescription volume for longer-lasting painkillers such as OxyContin, The Boston Globe reported.