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For-Profit Accountability
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Robinson makes comprehensible the labyrinthine political fights that surrounded the attempt by WellPoint to purchase CareFirst. He gives appropriate credit to the management of CareFirst for turning the failing Blues plans around while also noting how they totally misread the temper of the Maryland legislature. He rightly notes that what looked like "a victory of people over profits" in Maryland looked to regulators in Delaware and the District of Columbia as a rejection of "a conversion that would have generated millions of dollars for health-related projects" while "forcing the firm to subsidize unprofitable products in Maryland with surpluses earned elsewhere." . . . [Full Text of this Article]
Lawrence H. Mirel

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