Insurance
Big Merger Reshapes Eastern MA Health Care Landscape
The Beth Israel Deaconess system, Lahey Health, New England Baptist Hospital, Mount Auburn Hospital and Anna Jaques Hospital on Thursday announced they had signed an agreement to merge into a new regional system, a move that would mark a major change to the state’s health care market.
Two Nurses Arrested For Allegedly Stealing $2.7M From MassHealth
The owner of a Boston-based home health agency and an employee have been arrested in connection with allegedly stealing nearly $2.7 million from MassHealth by routinely overbilling and falsely billing for services that were not authorized or provided to patients.
Community Good Works
Commercial Brokers Association, Leominster Credit Union and Partners Insurance Group are among the organizations featured in this week’s roundup.
Group: Baker’s MassHealth Changes Need Public Vetting
Advocates for people with disabilities are urging lawmakers to reject MassHealth reforms proposed by Gov. Charlie Baker, arguing such changes are better handled publicly than through a conference committee negotiating in secret.
SBLI Of MA Reverse-Engineers
Policyholders for the Savings Bank Life Insurance Co. of Massachusetts voted overwhelmingly in favor of the company’s plan to return to a mutually-owned company from the shareholder-owned status it has held since 1992.
New York Prevails Over MA In Competition For Aetna
Massachusetts lured one corporate giant from Connecticut, but has come up short in its pursuit of a second.
Fire Destroys Nearly-Complete $45M Apartment Building
A multialarm fire destroyed a $45 million apartment building in Boston that was in its final stages of construction.
Community Good Works
This week’s roundup features a slew of financial institutions handing out scholarships.
Insurers See Tiered Network Ask As High Hurdle
Bay State health insurers are largely supportive of the new Baker administration proposal to assess employers and reform MassHealth to cover rising Medicaid costs, but threw up the caution flag recently on one proposal to encourage greater participation in tiered-network plans.
State Working With Health Insurers Ahead Of Possible Fed Changes
Ahead of summer rate filings, the Division of Insurance and the Massachusetts Health Connector have for several weeks been working with insurance carriers to provide guidance in connection with the possible loss of “cost sharing reductions” that would affect federal subsidies for plans offered through the Connector.
Aetna In Talks To Move Its Headquarters Out Of Connecticut
Aetna announced Wednesday that it is in negotiations to move its headquarters out of Connecticut’s capital, where it has been based for almost two centuries.
Boston Man Sentenced For Identity Theft In Scheme To Defraud Retirement Accounts
A Boston man was sentenced today for his role in a scheme to steal personal information and bank account numbers to withdraw money from retirement accounts.
Rosenberg Expects Family-Medical Leave Ballot Question If Lawmakers Don’t Act
If a paid family and medical leave bill does not pass the state Legislature this session, the issue could end up before voters as a ballot question, according to Senate President Stan Rosenberg.
Insurance M&A Activity Reflects Global Trends Gone Regional
Merger and acquisition activity in the insurance sphere on the global stage cooled off in 2016 compared to the previous year, but the picture is different in the insurance distribution arena, where activity remained strong last year going into this year.
Dover Insurance Broker Convicted Of Tax Fraud
A Dover insurance broker was convicted today by a federal jury in Boston in connection with filing fraudulent personal tax returns.
Community Good Works
Several organizations are featured in this week’s roundup.
North Andover Retirement Community Expands Dementia Care With New Facility
Edgewood Retirement Community Inc., a continuing care retirement community in North Andover, has received a $58.7 million bond from MassDevelopment.
Wells Fargo Said To Explore Sale Of Insurance Brokerage Unit
Wells Fargo is weighing a sale of its insurance brokerage business, which could fetch about $2 billion, people familiar with the matter said.
Urgent Care Center Open For Business
JACA Architects recently announced the completion of the construction and opening of the new Southcoast Health Urgent Care Center.
Insurance Co. To Pay $2.8M For Deceiving Massachusetts Consumers
A Kansas-based insurance company will pay more than $2.8 million to settle charges that it used deceptive and unlawful practices to sell health insurance to Massachusetts consumers, Attorney General Maura Healey said Tuesday.
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