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

CBS' Bob Schieffer Retires Sunday As Last Of The Old-School TV Anchors

Bob Schieffer, anchor of CBS' Face the Nation, retires Sunday after 46 years at the network. NPR TV Critic Eric Deggans says Schieffer is the last among a vanished breed of traditional news anchors.
NPR

Trickster Journalist Explains Why He Duped The Media On Chocolate Study

John Bohannon, the man behind a stunt that bamboozled many news organizations into publishing junk science on dieting, talks to NPR's Robert Siegel about why he carried out the scheme.
NPR

CBS' Bob Schieffer Retires Sunday As Last Of The Old-School TV Anchors

Bob Schieffer, anchor of CBS' Face the Nation, retires Sunday after 46 years at the network. NPR TV Critic Eric Deggans says Schieffer is the last among a vanished breed of traditional news anchors.
NPR

As Police Body Cameras Increase, What About All That Video?

Police cams have suddenly become a big business. But the real money is in selling departments a way to store each day's video. Firms are offering easy uploads to the cloud but costs are bound to grow.

Leave a Comment

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