NEW YORK, Sept. 12, 2016 (GLOBE NEWSWIRE) -- New York is the first state to address the challenges created by the Risk Adjustment program. In response to the forward-looking approach taken by the Department of Financial Services (DFS) on Friday, EmblemHealth’s President and CEO, Karen Ignagni, released the following statement:

"The actions by the Department of Financial Services are an important step to address the unintended consequences of the federal risk adjustment system. This proposal will help bring greater stability to the Marketplace and better protect small businesses by preserving affordable choices across the state."

About EmblemHealth
EmblemHealth, one of the nation’s largest nonprofit health plans, serves 3.1 million people who live and work across the New York tristate area. The company offers quality, affordable health benefits to consumers, employers and government purchasers as well as coverage for prescription drugs, dental and vision care. EmblemHealth utilizes a choice of quality networks to deliver personalized, coordinated care while leading the market in value-based delivery. For more information, visit EmblemHealth.com.

Media Contacts: 
Tara Schuh 
Tschuh@EmblemHealth.com
646.447.5752