BOSTON – Massachusetts No. 2 and No. 3 health insurers – Harvard Pilgrim Health Plan and Tufts Health Plan – have called off their plans to merge, according to the Boston Globe. The plan, revealed in January, would have created a more robust competitor to Blue Cross Blue Shield of Massachusetts, the state’s dominant health insurer, with a combined 1.75 million members, compared with Blue Cross’s 3 million members.
The insurers have been negotiating since January, and, according to the Globe, “have now determined that we are stronger as individual competitors than one company,” the newspaper quoted Eric Schultz, president of Harvard Pilgrim, as saying.
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