The Health of Health Insurers in Massachusetts
Most of the state's leading health insurers say profits were down last year...with the economy. Harvard Pilgrim was the exception...posting a small increase. Blue Cross Blue Shield lost members while Harvard Pilgrim, Tufts Health Plan and Fallon, added subscribers. Blue Cross Executive Vice President Steven Booma says he hopes investment income rebounds this year...but membership may not.
"I would see membership to be roughly flat, possibly declining some based again on the contraction of the employment base and the impact that has on folks buying health insurance."Income for insurer CEO's rose...with Cleve Killingsworth of Blue Cross at $3.6 million…Charlie Baker with Harvard Pilgrim at $1.7 million...James Roosevelt, Jr. of Tufts at 1.1 million dollars and Eric Schultz of Fallon at $714,280.
This program aired on February 27, 2009. The audio for this program is not available.