Massachusetts is expecting to save $80 million next year in its Commonwealth Care program, which provides subsidized health insurance to low- and moderate-income residents, even as enrollment is projected to grow by 11%.
Savings foreseen under Mass. program
Massachusetts Gov. Deval Patrick said the savings came from lower bids from managed-care plans. Those lower rates were achieved through re-negotiated provider contracts, narrower networks and new medical management programs, he said.
“This is not only great news for taxpayers, but also for consumers who will continue to receive comprehensive, affordable coverage,” Patrick said in a news release. “Under the Commonwealth Care program, we are spending taxpayer resources wisely, while dramatically expanding care to thousands of uninsured residents.”
Commonwealth Care covers 158,000 people and was funded at $822 million for this fiscal year. With the new savings, funding will be flat next fiscal year though enrollment is expected to grow to 175,000 residents, according to the governor's office. Members won't see jumps in copayments, and premiums for the lowest-cost plans are expected to stay at 2008 levels. Health plan bids will be finalized on Thursday.
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.