Health insurance executives are sounding the alarm that the Steward Health Care crisis will likely result in increased health insurance rates for employers.
Steward, the healthcare system that filed for Chapter 11 bankruptcy protection earlier this month, is in many communities a safety-net hospital, and is a lower-cost-care facility than some of the larger academic research medical centers in Massachusetts. If patients start choosing higher-cost hospitals, insurers will see higher bills, and those costs will ultimately get passed on to employers, according to experts.
STAY IN THE KNOW
Watch NBC10 Boston news for free, 24/7, wherever you are. |
|
Get Boston local news, weather forecasts, lifestyle and entertainment stories to your inbox. Sign up for NBC Boston’s newsletters. |
More on this story from Boston Business Journal
Get top local stories in Boston delivered to you every morning. Sign up for NBC Boston's News Headlines newsletter.