Massachusetts has emerged as a model for creating universal health care coverage at the federal level, but a former insurance executive now running for governor of the Bay State warns that the experiment isnt working.
Charlie Baker, who recently stepped down as CEO of Harvard Pilgrim, noted in his blog for the nonprofit health plan that as a result of merging the individual and small group insurance markets, individual premiums plunged an estimated 25% while small group premiums edged up by 2% to 3% to help pay for the arrangement.
