Contact Us

State Health Insurers See Sharp Drop In Profits

Massachusetts Health Insurers are reporting a sharp drop in second-quarter profits, a fall they attribute to pressure to hold down premium increases. 

Getty Images

Blue Cross-Blue Shield of Massachusetts, the state’s largest health insurance company, yesterday reported a nearly 50-percent drop in net income for the three months ending June 30th, as compared to the same period a year ago.

Other providers reported much steeper drops during the same period.  Harvard Pilgrim Health Care reported a decrease of 56-point-three-percent, Fallon Community Health Plan dropped 68-point-four-percent, and Tufts Health plan lost 93-point-six-percent of their net income from the year before.

All of the providers said intense pressure from small business and the Patrick administration to keep premiums low contributed to the declines.

More From WBSM

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://wbsm.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on WBSM - New Bedford's Local Source For News, Talk, and Sports! quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on WBSM - New Bedford's Local Source For News, Talk, and Sports! quickly by logging in with your Facebook account. It's just as secure, and no password to remember!