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Tag Archives: CareFirst BlueCross BlueShield

Md. benefit exchange approves plan on risk adjustments

The board of the Maryland Health Benefit Exchange voted Friday on a solution to an issue where the state’s new reinsurance program could cause duplicative payments under the Affordable Care Act’s risk adjustment program. Kaiser Permanente, one of the state’s ...

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Reinsurance stabilizes rates, but Md. leaders now for permanent fixes

ANNAPOLIS — Maryland’s governor and legislative leaders Wednesday celebrated the federal government’s approval of a reinsurance program, praising the bipartisan manner in which they acted and making good-humored jokes about their age. But they also described the reinsurance proposal as ...

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Md. board considers charging private insurers more for uncompensated health care

Maryland’s hospital rate-setting board will consider the unprecedented step of asking the state’s private insurers to pay more to account for uncompensated care at the state’s hospitals, a reflection of more unpaid bills from patients facing growing out-of-pocket costs through their private insurance company.

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Md. insurers make case for premium increases before reinsurance

Maryland’s insurance regulator Monday heard health insurance companies’ cases for raising premiums on the individual market by an average of 30 percent, but those requests could fall if a reinsurance program is approved. Rate increases considered Monday would continue a ...

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CMS reverses course, will make risk adjustment payments to insurers

A federal agency has reversed its decision earlier this month to stop collecting and making risk adjustment payments to health insurers, announcing it would reinstate the payments. The Centers for Medicaid and Medicare Services had said they would top making ...

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In retirement, Burrell still aspires to lower chronic disease costs

Chet Burrell says retirement is not going to stop him from finding ways to reduce the costs of chronic diseases and other expensive maladies. The CareFirst BlueCross BlueShield president and CEO will step down at the end of the month after ...

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CareFirst taps its COO to take over as Md. insurer’s top executive

Staying within the company, the board of CareFirst, Inc. has named Brian D. Pieninck president and CEO of CareFirst BlueCross BlueShield beginning July 1. Pieninck, who currently serves as the company’s chief operating officer, will succeed Chet Burrell, who will retire at ...

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Before reinsurance, significant premium increases sought on Md. individual market

Insurers on Maryland’s individual health exchange are proposing to raise their rates by an average of more than 30 percent, as hopes for stabilizing the market increasingly depend on the state’s application for a reinsurance program.  The increasing rates could ...

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