What Matters to Us: Health Care Giant Holds Out on Low-Income DC Residents
November 07, 2017 by BFC in Healthcare
Residents of Washington, D.C., like Ebony Price in Ward 8, are asking why the nonprofit arm of CareFirst BlueCross BlueShield, the largest health insurance company in the Mid-Atlantic, is holding onto a surplus of nearly $1 billion.
In December 2014, the Commissioner of the D.C. Department of Insurance, Securities, and Banking determined that under D.C. law, this surplus is excessive by $268 million, and $56 million of that excess is owed to the District and must be reinvested in community health.
Ebony is an active participant in the local life of her community, which is how she became first a client and then a volunteer at Bread for the City, serving the wellness needs of D.C.’s residents like her, struggling to make ends meet on low-income. “I decided I needed to get out and meet people going through the same things I’m going through,” says Ebony, adding; “I needed counseling services to connect the day-to-day life issues. Now, I volunteer on and off for mental health issues, helping others to cope with their issues. This results in good things for people, but not everyone, there’s still a lot of folks that need help.”
Read the full article ‘Health Care Giant Holds Out On Low-Income D.C. Residents’ on Impact Fund HERE.