Medical Mutual of Ohio and Cleveland-based The MetroHealth System will roll out a new health plan which both parties say will offer premiums with rates 15 percent lower than market competitors, reports Crain's Cleveland Business.
The plan will be available through Medical Mutual. The network, which will largely consist of MetroHealth physicians, providers and labs, is aimed at controlling care expenses. Other categories of care, including behavioral health and hospice care, will be provided by other healthcare organizations in the region.
Earlier this year, Akron, Ohio-based HealthSpan dissolved its medical group and divested its insurance business.. Medical Mutual acquired the insurance business from HealthSpan effective March 1. MetroHealth took over care services for more than 40,000 HealthSpan patients effective April 1.
More articles on payer issues:
Conn. groups ask for removal of Insurance Commissioner over payer mega-mergers
Metamark affiliates with Anthem BCBS of Georgia
Colorado insurers' proposed premium increases range from 1% to 40%: 10 key findings