April 11, 2012
State Nets Savings In Low-Income Residents' Health Insurance Plans
The Massachusetts Health Connector's Commonwealth Care Plan, which provides health insurance for low-income uninsured adults, has lowered its per-person costs for the second year in a row, the state announced.
The connector's board of directors will vote Thursday on bids from private insurance companies that provide an average per-person cost reduction of 5 percent. Combined with savings achieved this year, the connector will have saved the state approximately $91 million while not reducing benefits or increasing member co-payments.
There are 173,000 state residents receiving insurance through Commonwealth Care. State officials said the number may exceed 200,000 in the next year.
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