New Insurance Company Plans To Offer Full Network Of Hospitals
Massachusetts-based Minuteman Health says New Hampshire’s insurance marketplace is "ripe for disruption."
The company plans on competing with Anthem next year in the exchange, and is currently negotiating with the state’s doctors and hospitals.
At a community event in Concord, CEO Tom Policelli says the company is taking a different approach than Anthem, which excluded 10 of the state’s 26 hospitals to keep down costs.
“Our goal is to have as wide a network as possible," says Policelli. "We are talking to every single provider and we hope we can reach terms that will work for both parties with all of them.”
Policelli says Minuteman, which operates as a co-op, will still be able to compete on price. It's backed by $156 million in federal loans available through the Affordable Care Act.
Harvard Pilgrim Health Care has also expressed interest in entering New Hampshire's exchange in 2015.