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State's biggest health insurance firms blame Obamacare tax for Q1 losses

The state’s largest insurers suffered deep losses in the first quarter of 2018, blaming the red ink on a newly-resumed tax of the Affordable Care Act.

Blue Cross Blue Shield of Massachusetts, the state’s largest insurer with 2.8 million members, reported a $97.2 million operating loss in the first quarter, compared to a $10.6 million operating gain in the same period last year.

Harvard Pilgrim Health Care, which has the second largest membership at 1.3 million members, reported a $9.4 million…

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