Harvard Pilgrim covers 1.2 million lives and reported $3 billion in revenue in 2017 across the four states it serves.
“Honestly, we aren’t at a point where we’re reacting to [mega-mergers],” Mr. Schultz told Hartford Business. “The best thing you can do is watch this in a very measured way so you know how to best compete, either as an innovator or a fast-follower.”
Mr. Schultz said even more than payer consolidation, mergers between major health systems have affected his business by giving providers better leverage when negotiating reimbursement rates.
“The real question now is: What will the healthcare systems do to effectively use their size for ultimately creating a better healthcare system?” Mr. Schutlz told Hartford Business.
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