News

CareFirst will pay $95 million, ending years-long legal fight over nonprofit’s surplus funds

As a nonprofit insurance coverage firm, CareFirst — which is affiliated with the Blue Cross Blue Defend insurance coverage federation and supplies well being care plans in D.C., Maryland and Virginia — is just not supposed to show a revenue. However the firm, which insures greater than 3 million individuals within the area, has usually amassed lots of of hundreds of thousands of {dollars} in surplus funds. The District’s legal professional basic first sued the insurer in 2008, saying it had not met the necessities for a nonprofit to learn the general public — and sparking an ongoing combat over whether or not CareFirst should spend a few of that surplus to learn the D.C. group.

https://www.washingtonpost.com/dc-md-va/2021/11/04/carefirst-dc-settlement/ | CareFirst pays $95 million, ending years-long authorized combat over nonprofit’s surplus funds

Huynh Nguyen

Inter Reviewed is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@interreviewed.com. The content will be deleted within 24 hours.

Related Articles

Back to top button