Massachusetts Healthcare Law Six Years Later: Premiums Down, 98 Percent of Residents Insured

For the second consecutive year, Massachusetts residents enrolled in the state healthcare program are paying less for health insurance premiums — 5 percent less than last year — and more than 98 percent of residents in the state have health insurance, according to a report by United Press International.

Massachusetts’ Health Connector Commonwealth Care program, six years after then-Gov. Mitt Romney signed the state’s healthcare reform act into law, has helped save the state $91 million in the last two years. In the immediate years following the state healthcare reform, premium rates grew annually in Massachusetts but at a rate lower than the national average.

The Patient Protection and Affordable Care Act was in part modeled on Massachusetts’ healthcare law, which seeks to limit “free riders” by mandating healthcare insurance purchases for all residents.

Massachusetts Healthcare Law Six Years Later: Premiums Down, 98 Percent of Residents Insured

More Articles on Massachusetts and Healthcare Regulations:

Next Up in Legal & Regulatory Issues

What healthcare is overlooking for growing the next generation of physician leaders

10 specialties with the highest compensation growth: Doximity

$10M from Florida's Centene Medicaid settlement misappropriated by DeSantis administration: Report

More Articles on Massachusetts and Healthcare Regulations:

Next Up in Legal & Regulatory Issues

Join the 500,000+ healthcare executives who start their day with Becker's