logo.png

(https://tuftshealthplan.com/)

BOSTON (AP) — Two of the state's largest health insurers are planning to merge.

Harvard Pilgrim Health Care and Tufts Health Plan announced Wednesday they have signed a definitive agreement to form a single nonprofit insurer that would serve nearly 2.4 million customers in Massachusetts, Connecticut, Maine, New Hampshire and Rhode Island.

Under the plan, Tom Croswell, president and chief executive of Tufts Health Plan, would serve as CEO of the combined organization, which has yet to be renamed. Harvard Pilgrim's top executive, Michael Carson, will serve as president.

A spokesman for Massachusetts Attorney General Maura Healey says her office has been in touch with both parties and plans to review the proposed transaction.

The insurers say merging will allow them to "keep high-quality health care accessible and affordable."

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.