Health Insurance Giant In Limbo | WAMU 88.5 - American University Radio

: News

Health Insurance Giant In Limbo

Play associated audio

By David Schultz

Commissioner Ralph Tyler is leaving office on Friday, but his spokesperson says he's determined to decide before then what to do with the cash reserves of health insurance giant CareFirst.

The issue at hand is whether the not-for-profit provider is holding too much cash - in which case Tyler can order it to lower premiums - or whether it doesn't have enough.

An independent audit found the latter, which might prompt Tyler to allow the company to raise premiums.

Tyler's decision could also affect CareFirst customers elsewhere in the region.

The District's insurance regulator, Gennet Purcell, is conducting a similar investigation into CareFirst's subsidiary in D.C. She's waiting for Tyler to act before she makes her decision.

But the Maryland audit also looked at D.C. and found the reserves there to be on the high end.

Whatever Tyler and Purcell decide, the stakes are high: hundreds of millions of dollars and more than three million CareFirst policy holders in D.C., Maryland and Virginia.

NPR

'Maps To The Stars': Either The Funniest Horror Movie, Or The Most Horrific Comedy

In the film about a toxic Hollywood, John Cusack plays a self-help guru whose clients include Julianne Moore. It's full of anxious shoptalk and name dropping, druggy kids and druggier grown-ups.
NPR

When Food Is Too Good To Waste, College Kids Pick Up The Scraps

Millions of tons of food are wasted on college campuses around the country, and students are noticing. Some of them are now rescuing food to make tasty meals for the needy and compost for gardens.
NPR

What Do Conservatives Want For 2016? We Asked

Attendees at the Conservative Political Action Conference say they want the next president to focus on bipartisanship, faith, security and lower taxes.
NPR

Fines Remain Rare Even As Health Data Breaches Multiply

Since 2009, a federal watchdog has levied only 22 penalties against health care organizations for failing to safeguard information about patients.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.