Massachusetts Health Insurance Companies Seize Opportunity to Expand BusinessTufts Health Plan and Harvard Pilgrim Health Care, both Massachusetts-based insurers, are jumping at the chance to reach more than 30 million Americans who now need coverage, as per the Supreme Court's ruling last month, according to the Boston Globe.
The two companies have experience covering citizens who need to buy subsidized private coverage or Medicaid because of the 2006 Massachusetts healthcare overhaul, which resembles the recently-upheld Affordable Care Act. The state has added 400,000 people to insurance in the past six years and lowered its unemployment rate from 9 percent to 2 percent.
However, opposition to President Obama's national healthcare reform in northern New England could be problematic for Tufts and Harvard Pilgrim, with some states threatening to reject federal funds for Medicaid.
More Articles on Affordable Care Act:
How Does the Supreme Court's Decision Affect Healthcare? 5 ASC Industry Leaders Weigh In
New Jersey Anesthesiologist Praises Affordable Care Act
Colon Cancer Alliance Issues Statement on Affordable Care Act Supreme Court Ruling
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