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

Amazon Deal With Simon & Schuster Raises Questions For Other Publishers

Amazon has received a fair amount of bad press lately over its long-running dispute with the Hachette publishing house. So Monday's announcement of a deal with Simon & Schuster took some industry watchers by surprise.
NPR

From NFL To 'Scandal,' Whole Foods Buys TV Ads To Boost Its Brand

A pioneer in selling organic, sustainable groceries, Whole Foods now finds itself beset by competitors. So it's launching its first national ad blitz to sell socially conscious consumers on its story.
NPR

Obama Has To Balance His Base Without Hurting Dems In Red States

If Democrats have a chance of hanging onto Senate seats in southern states, they need to do well with African American voters. But for President Obama, that creates a difficult balance between turning out the base and energizing GOP voters who don't like him.
NPR

In Silicon Valley, Paying For Access To Peace Of Mind

The San Francisco area is the home to the high-tech sector and has a history of embracing Eastern spirituality. Now the two meet in the yoga and meditation classes popular with the local tech workers.

Leave a Comment

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