In 2000, the CEOs of the largest hospital system and largest insurance company in
Massachusetts shook hands on a plan to manipulate the health care market and ensure each other greater profits and market-share, an extensive
report by the
Boston Globe
has revealed. Under the wink-and-a-nod handshake deal, Blue Cross
insurance agreed to raise reimbursement rates to Partners HealthCare -
the largest hospital system and private employer in the state - in
exchange for Partners' insistence that other insurers pay them at least
the same rates paid by Blue Cross.