Word: pilgrimate
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...Additionally, teaching hospitals affiliated with the Harvard Medical School serve many patients insured by Harvard Pilgrim, and faced significant financial uncertainty with the HMO's precarious financial situation...
...state had previously proposed, among other options, that the University loan money to Harvard Pilgrim or that the University serve as a financial guarantor to outside investors in the HMO, according to Harvard Vice President for Finance Elizabeth C. "Beppie" Huidekoper...
...according to several University officials, the University was unwilling to commit money to Harvard Pilgrim unless the state agreed to provide financial guarantees to the University...
...Over the last two months, Reilly has maintained that the state is unwilling put state taxpayers at risk by guaranteeing loans in Harvard Pilgrim. He repeated this position yesterday...
...While Harvard Pilgrim has been working under the current business plan, it has been able to build up $200 million in cash reserves and pay off another $200 million that it owed to hospitals and doctors. Since the HMO came under state control, a process known as receivership, insured participants in the plan have continued to received health care unaffected by the financial problems...