Fallon Health to leave commercial insurance market
By Priyanka Dayal McCluskey Globe Staff,Updated March 31, 2021, 2:23 p.m.
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Fallon Health, the small Worcester-based insurer, plans to exit the commercial insurance market and focus entirely on government health programs.
The unusual step means Fallon will stop selling private health plans to employers, beginning Thursday. Instead, it will offer coverage for seniors on Medicare, low-income individuals on Medicaid, and people who qualify for subsidized coverage through the state Health Connector.
âWe see this is an opportunity to continue to grow in Medicare and Medicaid,â chief executive Richard Burke said. âThis is a change that will allow us to focus in those areas where we know thereâs a need.â