Minuteman Health receives insurance license

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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 that covers about 700,000 state residents.

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