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Article: JOHN HANCOCK AND AIDS
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- June 2, 1989
- Author:
CopyrightCopyright (null) The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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(A PUBLISHED CORRECTION HAS BEEN ADDED TO THIS STORY.)
Here's an unusual story. In 1987, one year after instituting a
health-care cost-containment program, Manhattan-based publisher
McGraw-Hill noticed that coverage costs for its 15,000 employees
were increasing rather than decreasing. In a series of meetings
with its long-time insurance carrier, John Hancock Mutual Life
Insurance Co., McGraw-Hill learned that "there was an extraordinary
rise in the number of large claims," according to spokeswoman Betsy
Russo. One reason: Compared to corporations of similar size,
McGraw-Hill had an unusually high number of employees suffering
from AIDS.
McGraw-Hill then asked Hancock to furnish ...