Posted on 07/26/2016 10:19:47 AM PDT by dware
GRAND JUNCTION, Colo.
A scrappy Western Colorado health insurer held up as a national model for keeping down costs is being sold.
Rocky Mountain Health Plans of Grand Junction is being sold to UnitedHealth, the nation's biggest health insurer.
The Daily Sentinel reports (http://goo.gl/UldBjJ ) that Rocky Mountain's president and CEO says the company decided to sell to restore its capital base.
"They're a national player, we're a community player. That's what we're trying to marry here," said Steve ErkenBrack.
President Barack Obama visited Grand Junction in 2009 when he was talking up his health care overhaul and praised Rocky Mountain Health Plans. National reports from the news media to the New England Journal of Medicine held up the company as a model of affordable care for rural areas.
(Excerpt) Read more at islandpacket.com ...
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Sounds like they may have had some encouragement from their regulators.
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