Word: hmo
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...might not be the most attractive investment. But Harvard, as a responsible and interested member of the community, should look further into the future. So long as there are sufficient guarantees of eventual turn-around in HPHC's financial outlook, Harvard should continue to financially and publicly support the HMO...
...plan, which University officials said was at the conceptual stage, employers who provide health care through Harvard Pilgrim would invest in the HMO to keep it afloat...
Reilly on Friday said he favored this this new concept, which was put forward by University Vice President for Community Affairs Paul S. Grogan and university management. The Associated Press reported Reilly rejected an alternate plan, in which hospitals would bail out the HMO. Reilly said the plan for hospital-funded aid, which called for taxpayer-backed loan guarantees, did not provide a solution for potential future problems...
...idea of employers who use Harvard Pilgrim to bail out the HMO was hatched after informal consulation with the companies involved, Harvard spokesperson Joe Wrinn said...
While the plan was proposed by the university, Reilly will ultimately decide the details of its adaptation because the state holds the HMO--Massachusetts's fifth largest--in receivership...