Melanie Evans of Modern Healthcare reports that more than 100 physicians in New York’s Hudson Valley have started a new health-insurance c0mpany, in what Ms. Evans calls “one of the most striking examples of the tolerance for high risk that has flourished in healthcare as the industry looks to capitalize on upheaval under the Affordable Care Act. ”
“Middletown, N.Y.-based Crystal Run Healthcare this week opened its small- and large-group health plans for enrollment. State approval to operate managed-care and Medicaid plans is expected by August. The doctor-owned plan will compete with major insurers for local business. It’ll have a more limited network of doctors, but its owners hope to offer a competitive price and a more personal touch. ”
“The new insurer’s early bids for business have lowered employers’ health benefit expenses by 8 percent to 12 percent,” Bruce Weil, senior vice president of sales and marketing at Capacity Benefits, told Ms. Evans.