Year to date,
"Our modest operating margin this quarter reflects our commitment to keeping premiums affordable in an intensely competitive environment," said
Santangelo noted that
- Is delivering greater value to customers by expanding its innovative payment reform model to five
Massachusettsphysician and hospital organizations to provide care to thousands of its PPO members. The payment model has been shown to improve the quality of patient care and lower health care costs.
- Is working to moderate the rising cost of specialty medications. Specialty medications account for only 1 percent of all prescriptions written for
Blue Crossmembers, but represent nearly 40 percent of annual pharmacy spending, or approximately $600 million.
- Recently introduced its new Blue Select product that offers employers and their employees access to a smaller network of providers at lower premium prices. Providers in the network are focused on quality care and include recognized teaching hospitals and specialty hospitals.
NCQAawarded our Commercial HMO/POS plan a top rating of 5 out of 5, making us one of only 13 plans out of 500 plans in the country that earned this rating. NCQAalso rated our Commercial PPO plan and Medicare HMO and PPO plans 4.5 out of 5, putting all four among the highest-rated health plans in the nation for quality.
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