CareFirst BlueCross BlueShield CEO Chet Burrell has previously warned providing insurance on the Maryland, D.C. and Virginia health exchanges could cost the company dearly. After several years of “unsustainable financial losses” on Affordable Care Act marketplaces, Burrell said Friday in a statement that the company has swallowed $500 million in losses. And by the end of 2017, he said that figure is expected to swell to a loss of $600 million. The statement came after it was announced Thursday…
from http://www.bizjournals.com/baltimore/news/2017/05/08/carefirst-ceo-says-insurer-could-see-cumulative.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/160443032142
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