Baltimore Checkbook: D.C. insurance regulator tells CareFirst to pay back surplus. Again. But that's not the last word.

Thursday, February 22, 2018

D.C. insurance regulator tells CareFirst to pay back surplus. Again. But that's not the last word.

Washington, D.C.’s top insurance regulator again ruled against CareFirst BlueCross BlueShield this week, denying the nonprofit insurer’s request from 2016 to reconsider an order to pay back a portion of its surplus in rebates to its members in D.C. This was just another step in the decadelong fight over the size of the $963 million surplus that Baltimore-based CareFirst’s D.C. subsidiary, Group Hospitalization and Medical Services Inc., or GHMSI, had in reserve at the end of 2011. D.C.’s Department…