Harvard Pilgrim CEO Works To Contain Costs, Negotiate With State Insurance Regulators
August 22nd, 2010
The Boston Globe: “When an insurance appeals board issued a surprise ruling on June 24 toppling the Patrick administration’s cap on Harvard Pilgrim Health Care’s premium rates, there was little time for gloating in the health insurer’s executive offices. … A week letter, Harvard Pilgrim struck a deal with regulators voluntarily limiting its 2010 rate increases to single digits. …
That decision reflects the pragmatic approach of [Eric H. Schultz, chief executive of Harvard Pilgrim], a soft-spoken industry veteran who has found himself at the center of the health insurance storm in recent months and is emerging as a tougher competitor to the larger Blue Cross Blue Shield of Massachusetts. … The pressure to contain costs has intensified in recent months, pitting the insurer against the hospitals and doctors with which it negotiates rates” (Weisman, 8/24).
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