State's biggest health insurance firms blame Obamacare tax for Q1 losses

The state ’s largest insurers suffered deep losses in the first quarter of 2018, blaming the red ink on a newly-resumed tax of the Affordable Care Act. Blue Cross Blue Shield of Massachusetts, the state’s largest insurer with 2.8 million members, reported a $97.2 million operating loss in the first quar ter, compared to a $10.6 million operating gain in the same period last year. Harvard Pilgrim Health Care, which has the second largest membership at 1.3 million members, reported a $9.4 million…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Source Type: news