Medicaid insurers seek more from state
BOSTON (AP) -- Companies that insure Medicaid patients in Massachusetts are pressing for an increase in the payments they receive from the state for serving low-income residents.
The health insurers say $140 million in losses since the start of the year are the result of an expensive new hepatitis C drug and a surge of nearly 190,000 new members assigned to the companies by MassHealth, the state Medicaid program.
Insurers say the state did not budget enough money to cover added costs.
State health officials tell The Boston Globe (http://bit.ly/1oYZRpp ) that their data analysis does not corroborate all of the insurers’ claims, but they are expected this week to propose higher reimbursement rates to the insurers for the fiscal year starting Oct. 1 that will reflect updated data on medical and drug costs.
Information from: The Boston Globe, http://www.bostonglobe.com
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