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Minuteman Health gets license

Minuteman Health, a new Boston-based nonprofit health insurance plan, was granted a license by the Massachusetts Division of Insurance to operate as a health maintenance organization.

The license represents the only new entry of a health insurer into the Massachusetts marketplace this year, said Tom Policelli, chief executive of Minuteman. In a statement, Policelli said Minuteman’s goal is “delivering access to lower cost, high quality health care for individuals and small businesses in Massachusetts,” a market covering about 700,000 state residents.

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Minuteman was created last year by Boston teaching hospital Tufts Medical Center, the Tufts doctors group New England Quality Care Alliance, and Vanguard Health System, a Nashville-based for-profit group that owns hospitals in Framingham, Natick, and Worcester.

The partners were jointly awarded an $88.5 million loan by the US government to create Minuteman Health as a member-governed health plan. It will offer insurance through private brokers and the Massachusetts Health Connector, the state’s online marketplace.

Robert Weisman can be reached at weisman@globe.com. Follow him on Twitter @GlobeRobW.

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