Word: stated
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Dates: during 2000-2000
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...according to several University officials, the University was unwilling to commit money to Harvard Pilgrim unless the state agreed to provide financial guarantees to the University...
...Over the last two months, Reilly has maintained that the state is unwilling put state taxpayers at risk by guaranteeing loans in Harvard Pilgrim. He repeated this position yesterday...
...Harvard University had absolute conditions for any type of investment--they demanded a complete state guarantee of any money that they put it," Reilly said. "We were not going to do that. There is no need to make a bad deal and we didn...
...While Harvard Pilgrim has been working under the current business plan, it has been able to build up $200 million in cash reserves and pay off another $200 million that it owed to hospitals and doctors. Since the HMO came under state control, a process known as receivership, insured participants in the plan have continued to received health care unaffected by the financial problems...
...However, state officials said they realized that this business plan did not provide an infallible solution...