Ga. hospitals to launch new insurance company - CBS46 News

Ga. hospitals to launch new insurance company

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ATLANTA (AP) -

Two of Atlanta's largest hospital systems have announced plans to form their own insurance company.

Piedmont Healthcare and WellStar Health System have announced plans to launch a variety of insurance products in 2014 for Piedmont and WellStar employees and their relatives.

The health systems will operate their new insurance company as a joint venture for-profit enterprise.

The details of the plan are still being finalized. The company expects to operate as an HMO, but plans could eventually expand to include other service providers.

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