Hey, there! Log in / Register
Tom Reilly still bitter four years later
By adamg on Thu, 09/09/2010 - 7:40am
When he lost the primary to Deval Patrick in 2006, Reilly didn't show up at a post-election Democratic unity rally. And he's still sticking it to Patrick, this time over the issue of how the state helped Harvard Pilgrim get back on its financial feet. The Outraged Liberal explains how Patrick should have compared what the state did to a Wall Street bailout, rather than talking about state aid:
Harvard Pilgrim apparently received an $80.9 million tax-free bond through the Massachusetts Health and Educational Facilities Authority -- a quasi-public agency that, ironically, Patrick abolished this year and merged into MassDevelopment.
The authority then created a nonprofit entity to buy Harvard Pilgrim's Kenmore Square property and lease it back.
All of that was on top of state receivership under then-Attorney General Reilly.
So, no, the state didn't cut a check to Baker's HMO. It just did everything but.
Topics:
Free tagging:
Ad:
Support Universal Hub
Help keep Universal Hub going. If you like what we're up to and want to help out, please consider a (completely non-deductible) contribution.
Comments
False Equivalence!
Helping a not-for-profit health care insurer survive is so far from bailing out for-profit bankers that it is absurd to compare them. Some things are worth saving to maintain public good, and HPHC is one of those things.
Although they are an HMO they don't act like one. I know. They are my insurance company and I am chronically ill. Unlike for-profit HMO's, they have never raised my rates unfairly nor denied reimbursement. And I am not alone in relying on the superior coverage they provide.
Please remember that a bond is a loan and that loan has been/is being repayed. I'm glad the State took the steps it did because otherwise I and thousands like me will be contending with constant insurance denials and hassles of inferior insurers.