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Harvard Pilgrim cuts health premium rate increase

By Robert Weisman

 |  Globe Staff  

  January 31, 2012

Ten days after state regulators approved Harvard Pilgrim Health Care’s request for premium increases of 3.8 percent for the period starting April 1, the Wellesley-based insurer said yesterday it has effectively slashed its rate increase in half. The new increase, okayed by the state Division of Insurance, will be 1.9 percent for thousands of small businesses and individuals in the so-called small group market. About half of Harvard Pilgrim’s customers in that market are up for renewal April 1.

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