Financial stability, competitive premiums, and growing provider network seen as key factors
BOSTON—Minuteman Health (www.minutemanhealth.org) today announced that its membership jumped by nearly 60 percent in 2015, with most of the increase occurring during the open enrollment period that began November 1 and ends on January 31.
As of December 30 Minuteman had 22,635 members in Massachusetts and New Hampshire, an increase of 8,478 members over the 14,157 members as of November 1.
With nearly a month remaining in the open enrollment period, the membership total will likely continue to change. Last year membership for most plans continued to grow through the end of the open enrollment period.
“We’ve taken a long-term approach centered on managed growth, strong provider network relationships and careful financial management. The increase in membership is a solid message that we’re on the right track,” Minuteman CEO Thomas Policelli said. “Our core business is strong.”
Policelli added: “As we and other health plans across the country continue to emphasize, however, the federally required Risk Adjustment rules require us to grow carefully. Growth is effectively penalized under the current federal approach. Oddly, we have had to make sure that we do not grow too quickly—including by suspending our final advertising efforts once we saw that we were likely going to reach our goal of twenty-two thousand members. In a normal regulatory environment that of course would never have been the case. We will continue to work with federal rule-makers to highlight the unintended consequences of their policies and focus on practical solutions that will deliver lower, stable premiums to consumers.”
Minuteman Health is a member of Consumers for Health Options, Insurance Coverage in Exchanges in States (CHOICES), a national coalition of health insurers focused on the ACA’s 3R programs (risk adjustment, risk corridor and reinsurance).
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.
inuteman 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.
CHOICES members are non-profit as well as investor-owned, health system-sponsored and independent, and newer entrants as well as companies with decades of experience as members of their local communities. The group came together to examine what gaps may exist between the policy intent and the practical reality of the ‘3Rs’ programs today. Such gaps are to be expected in any launch of a new methodology, and CHOICES looks forward to continuing to work productively with CMS to replace old assumptions with the current data.
CHOICES founding members include Minuteman Health, Health New England (Massachusetts), HealthyCT (Connecticut), Land of Lincoln (Illiniois), Melody Health Care (Colorado), New Mexico Health Connections, Evergreen Health (Maryland), Bright Health Plans (Minnesota), Cox Health Plans (Missouri), Medical Associates Health Plans (Iowa), and the National Alliance of State Health CO-OPS (NASHCO).
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