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The Latest

Boston-based health insurer Harvard Pilgrim Health Care cut its premium rate increase to 1.9 percent after the Massachusetts Division of Insurance previously approved a 3.8 percent rate hike, according to a Boston Globe report.

Rhode Island hospitals lost nearly $4 million in 2011, the first time the state's hospitals recorded a negative cumulative operating margin, according to a Rhode Island Public Radio report.

Two retiring executives at Salinas (Calif.) Valley Memorial Healthcare System — CFO John Fletcher and Vice President of Operations Beverly Ranzenberger — will earn lump sum retirement payments of more than $1 million each, according to a Monterey County Herald…

Health insurer Cigna has completed its acquisition of HealthSpring, which was one of the largest Medicare Advantage plans in the country, according to a Cigna news release.

Franklin, Tenn.-based Community Health Systems and its lender have finalized a credit agreement that will extend roughly $1.6 million of CHS' term loans to Jan. 25, 2017, according to a CHS news release.

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