MANCHESTER— Minuteman Health (www.minutemanhealth.org) has confirmed that it recently completed its second and final rate filing for 2017 New Hampshire premium rates. Back in April 2016 Minuteman submitted preliminary rates for the 2017 coverage year, which have recently been made public by the Department of Health and Human Services. In April, Minuteman explained that the rates were preliminary, conservative, and subject to change once more when better information became available. The final rates, filed by Minuteman in July, are still under review by the New Hampshire Department of Insurance and will not become public until later in the year.
“Our final rate filing in July includes materially lower rates than our preliminary filing did back in April,” commented Keith Ledoux, vice president of sales and retention. As the company noted in an earlier press release, the major factor driving its preliminary April rate filing was the Risk Adjustment program. “The 2015 Risk Adjustment program outcomes were not known until June, so we had to file conservative rate increases in case something unexpected happened,” explained Ledoux. “Now the Risk Adjustment numbers are in, and we’ve filed final rates accordingly.”
Although Minuteman expects its final rate increases to be lower than the preliminary increases filed in April, the federal Risk Adjustment program is still a major driver of those increases. “If the Risk Adjustment program were working properly, we would likely be filing for rate decreases,” said Ledoux. Minuteman recently filed suit against U.S. Health and Human Services (HHS) Secretary Sylvia Burwell, Centers for Medicaid and Medicare Services (CMS) administrator Andrew Slavitt and their respective agencies, claiming that the federal Risk Adjustment program has, in effect, illegally taxed Minuteman and its members millions of dollars.
Minuteman Health, Inc. is a member-governed, non-profit health maintenance organization (HMO) committed to removing inefficiencies from today’s health insurance system to provide high-quality care, cut administrative costs and reduce premiums for individuals and businesses in Massachusetts and New Hampshire.
Minuteman Health’s In-Plan Provider network includes over 11,300 hospitals, physicians, and specialists who provide high quality care at lower costs in Massachusetts and New Hampshire. Updates on Minuteman Health’s evolving provider network can be found at www.minutemanhealth.org.
Minuteman is marketed in Massachusetts through its website, brokers, Health Services Administrators (www.HSAinsurance.com) and the Massachusetts Health Connector. It is marketing in New Hampshire through its website, brokers, and the Federal Healthcare Exchange.
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