A Massachusetts Division of Insurance appeals board has agreed with Harvard Pilgrim that the premium rate increases it sought earlier this year were in line with increases in provider costs.

According to the Boston Globe, in reversing the insurance division's earlier ruling, its appeals panel found that the higher rates Harvard Pilgrim sought for plans covering individuals and small businesses were in line with what it must pay to the hospitals and doctors who provide medical care.

In the short run, that is good news for Harvard Pilgrim and possibly the state's other health plans whose appeals are still pending. It means that they can keep their doors open a bit longer. However, it does nothing to lower heath care costs. And, consumers will be left paying the bill.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.