CareFirst CEO says cost of health care is 'unsupportable' for consumers, insurers

CareFirst BlueCross BlueShield CEO Chet Burrell said on Monday the cost of health care is at "unsupportable levels" for both consumers and providers, speaking at a state hearing on the insurer's proposal to increase 2017 rates by as much as 37 percent. Burrell fielded questions from community members, small business owners, state lawmakers and the Maryland Insurance Administration, which approves rates. Baltimore-based CareFirst, the region's dominant health insurer, initially requested a 12 percent…
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