INSURANCE

Bill Cosby in 2012.
Sen. Chris Coons / Creative Commons / flickr.com/people/59014345@N05

A federal appeals court in Massachusetts has ruled an insurance company must pay to defend Bill Cosby against a defamation lawsuit.

Massachusetts House Speaker Robert DeLeo.
Dave Roback / The Republican

Late last week, in remarks made to the Greater Boston Chamber of Commerce, House Speaker Bob DeLeo talked about the “Peter Kocot health care bill.” Kocot, who passed away last month, was chairman of the Massachusetts Joint Committee on Health Care Financing.

The Trump administration wants to allow insurance companies to offer more policies that have limited health benefits and that can reject customers if they have pre-existing medical conditions.

Health and Human Services Secretary Alex Azar says the plans, which don't meet the legal requirements for health insurance under the Affordable Care Act, will allow consumers who can't afford insurance now to find cheaper plans.

MassMutual's offices in Enfield, Connecticut, which will close as part of an expansion in Massachusetts.
Don Treeger / The Republican

A town official in Enfield, Connecticut, said he was surprised by the news its largest taxpayer will be leaving, but is confident another corporation will take its place.

The MassMutual headquarters in Springfield, Massachusetts.
Dave Roback / The Republican / masslive.com/photos

Massachusetts Mutual Life Insurance Company plans to nearly double its Bay State workforce over the next few years, consolidating offices around the country as part of plan that includes a newly disclosed package of state incentives worth roughly $46 million, the company announced Thursday.

MassMutual has announced it’s closing its facility in Enfield, and moving all of its employees there over the border to its headquarters in Springfield. 

Federal regulators say they want more information about the proposed merger between health insurer Aetna and pharmacy chain CVS. Antitrust experts at the Department of Justice have issued what’s known as a second request for information about the $69 billion deal. 

Mass. Sen. Adam Hinds of Pittsfield reviews paperwork on Wednesday, Jan. 31, 2018, as state senators interview Mass. GIC officials.
Sam Doran / State House News Service

The Massachusetts Group Insurance Commission decided Thursday to scrap its much-maligned move to cull the number of health insurance carriers available to public employees.

Kerry Taylor and her husband are self-employed farmers from Salem. She said her family has to consider health insurance costs when balancing the annual business budget.

Updated at 11:17 a.m. ET

Health care costs are "a hungry tapeworm on the American economy," Berkshire Hathaway Chairman and CEO Warren Buffett says, and now his firm is teaming up with Amazon and JPMorgan Chase to create a new company with the goal of providing high-quality health care for their U.S. employees at a lower cost.

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