Minuteman Health—which was organized by Tufts Medical Center, the provider's physicians network and Nashville-based Vanguard Health Systems—will have a network that includes the Floating Hospital for Children, Vanguard-owned MetroWest Medical Center and St. Vincent Hospital, according to a news release. Also, 17 hospitals have signed “letters of support” and the insurer aims to grow a statewide network over the coming year.
The Minuteman plan “is the first such venture in Massachusetts to be funded through the Affordable Care Act,” Rep. Mike Capuano (D-Mass.) said in the news release. “The ACA encourages innovation in the structure and governance of health plans, as hospitals and doctors seek to control cost and improve quality of care.”
The insurer's development plan calls for members to “ultimately” govern it by electing the board of directors, which will include a member majority.
Sen. John Kerry (D-Mass.) said in the release that he personally asked HHS Secretary Kathleen Sebelius to consider funding the planned insurer because it is “an exemplary model for the types of provider solutions that are called for by the Affordable Care Act.”
“Their promise of transparency in billing helps ensure consumers understand what they're paying for,” Kerry said.
Among the unique aspects of the insurer, which aims to keep administrative costs low, is the use of a single, easy-to-understand bill for all the services beneficiary-members receive from all different providers.
Meanwhile, the Tennessee insurer is sponsored by Healthcare 21 Business Coalition and LBMC Employment Partners, a professional services company. It is also planning to offer its insurance plans throughout the state.