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.
Harvard Pilgrim CEO Eric Schultz said the health plan resubmitted its rate request after it worked out new contracts with other Boston hospitals, such as Beth Israel Deaconess Medical Center and hospitals within Steward Health Care System, to try and keep medical costs down, according to the report.
The new 1.9 percent increase will go into effect April 1 for small business and individuals in the small group market.
Harvard Pilgrim CEO Eric Schultz said the health plan resubmitted its rate request after it worked out new contracts with other Boston hospitals, such as Beth Israel Deaconess Medical Center and hospitals within Steward Health Care System, to try and keep medical costs down, according to the report.
The new 1.9 percent increase will go into effect April 1 for small business and individuals in the small group market.
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