April 24, 2013
Blaming the cost to implement health care reform, the state's largest health insurer has proposed eye-popping rate increases to state regulators for individuals and small businesses. CareFirst BlueCross BlueShield wants to raise rates an average of 25 percent on those who buy coverage individually. Chet Burrell, the insurer's CEO, said the increase was needed to cover the cost of more sick people who will be joining the insurance rolls under health care reform. People with pre-existing conditions were denied coverage prior to health care reform, keeping insurance costs down.
March 26, 2013
Baltimore officials hope to draw more money from city-owned garages downtown, raising rates at garages on Caroline, Baltimore and West streets while adding a new monthly overnight plan at the St. Paul Street garage. The city's Board of Estimates is set to vote Wednesday on the proposal, which officials say is necessary to maintain the parking facilities. The Parking Authority of Baltimore City, which recommended the increases, said the new, cheaper option on St. Paul Street will make parking more affordable for people who live nearby.
March 6, 2013
After reading the GOP is returning once again to their outrageous voucher system for senior medical care plan ("Medicare next target of GOP," March 3), and reading Steven Brill's article about exploitive hospital charges published in Time magazine and listening while it was further discussed on the Diane Rehm Show last week, I feel certain of the answer to outrageous medical cost and poor health care outcomes. We should, as Mr. Brill suggests, open Medicare coverage to those under 65 willing to pay for the coverage at a cost somewhat below equivalent insurance costs.
September 29, 2012
The op-ed by Drs. Joshua M. Sharfstein and Laura Herrera and Charles Milligan ("Caring about costs, too," Sept. 27) offers a compelling set of recommendations to improve the quality of health care while reducing costs. Unfortunately, they neglected to describe the best single evidence-based practice - eliminating private health insurance. Private health insurance adds only costs, but no value, to the delivery of health services. A Cambridge Medical Care Foundation study found that 31 percent of health care spending in the U.S. - equal to more than $600 billion annually - pays for administration, marketing, and the profits of private insurance.
September 2, 2010
You failed to mention the CEO of Blue Cross Blue Shield, which is even sweeter than some of the hospital's CEO's where we, the subscribers, are paying for their lavish life styles while many of the seniors who are paying such outrageous premiums for this supplemental coverage, can hardly pay these premiums. We pay for their vacations while many seniors stay home because their limited incomes are being used for insurance, making many seniors insurance poor. Many seniors can attest to the continuing higher cost of their supplemental coverage when in fact they hardly pay nothing.
February 26, 2010
Glen Burnie Bancorp Thursday reported a fourth-quarter loss, largely due to higher federal insurance premiums and setting aside more money for loan losses. The bank holding company lost $210,000, or 8 cents per share, for the fourth quarter, compared with a profit of $1.38 million, or 47 cents per share, a year earlier. The company said in the fourth quarter of last year it increased the amount set aside for loan losses by about $1.05 million. It also saw a $308,000 increase in its federal insurance premiums, part of the Federal Deposit Insurance Corp.