The nonprofit health insurer will instead focus solely on government plans, according to a March 31 news release. The change will take place April 1.
Fallon will narrow its strategy to offerings like Medicare Advantage and MassHealth Medicaid services, a change that has been years in the making. From 2017 to 2020, Fallon’s government membership grew from 31 percent to 57 percent of its total membership. Most of Fallon’s revenue — 84 percent — comes from government programs.
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UofL Health launches direct-to-employer health plan
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