Senior Medicare Advantage plans
Harvard Pilgrim Health Care will drop its Medicare Advantage plan in December of this year.
Twenty-two thousand seniors will be forced to look for Advantage programs from another source.
Massachusetts' second-largest insurer cites changes in healthcare (i.e. Obamacare health care reforms) as necessitating this move.
Freezes in Medicare reimbursement as well as requirements to create a network of doctors who would perform services for a set fee led to this move.
From Harvard Pilgrim Health Care: "'We became concerned by the long-term viability of Medicare Advantage programs in general,’and, 'We know that cuts in Medicare are being used to fund national health care reform. And we also had concerns about our ability to build a network of health care providers that would meet the needs of our seniors.'"
http://www.boston.com/business/healthcare/articles/2010/09/28/harvard_pilgrim_cancels_medicare_advantage_plan/
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