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Tag Archives: chet burrell

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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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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Experts say Md.’s new reinsurance initiative a short-term fix

Gov. Larry Hogan approved one reinsurance bill adopted by the legislature and a second reinsurance bill gained final passage Thursday, but these measures likely remain short-term solutions to the state’s individual health insurance market woes. A reinsurance program will likely ...

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Md. consumers without subsidies left behind in ACA debate

Maryland’s uninsured rate under the Affordable Care Act has dropped to 6 percent, but people who make too much money for tax credits have found themselves on the outside. Susan and Jeff Frangione lost well-paying jobs with good benefits during ...

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CareFirst CEO says Trump halt of subsidies sabotages health care market

President Donald Trump’s decision to stop paying cost-sharing reduction subsidies to health insurers participating in the Affordable Care Act’s individual markets added a late element of chaos as the open enrollment period is set to open next month. Maryland’s health ...

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CareFirst says patient-centered model is reducing costs

Using a patient-centered managed care model to manage chronic conditions, CareFirst BlueCross BlueShield has managed to slow health care cost growth to less than 4 percent over the past three years, officials say. From 2013 to 2016, CareFirst health care costs ...

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Burrell to retire from CareFirst next year

CareFirst BlueCross BlueShield President and CEO Chet Burrell will retire from the insurer next year, the company announced Friday. Burrell has held the role with the company since December 2007 and will leave in the middle of 2018. “A decade ...

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Significantly higher insurance premiums approved for 2018 on Md. health exchange

Marylanders insured through the individual health exchange will see substantially higher premiums in 2018, though not as high as insurers wanted, after Maryland Insurance Commissioner Al Redmer approved final rates Friday. Redmer approved average rate increases of 34.5 and 50 ...

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Turmoil on Maryland’s health insurance exchange

One Maryland insurer dropped out of the Maryland individual health insurance market, another projected double-digit enrollment declines and two more refiled to ask for rate increases higher than previously requested as state regulators Wednesday found themselves dealing with dramatic changes ...

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Rate hike requests will test future of Md. health insurance exchange

High rate increase requests have left health insurance regulators in Maryland with this challenge: At a time when insurers are pulling out of the individual markets in state after state, how high can you allow them to raise their prices without inflicting ...

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