Good Morning,
Maybe we can get Carefirst to really put "Care First" on our youth. So many of them are vitamin deficient, Omega deficient as well as dehydrated. I would really like to see some of this money dedicated to supplementing our youth with the necessary vitamins that I am sure that they do not get enough of from the foods most of them eat. In addition, it would be great if we can provide them with the Omegas that they need through some fish oil. And of course, let's figure out a system to get them hydrated.
I am sure that there are some other important "health" related items to focus on but some of that money should be spent on giving our kids a balanced equilibrium to grow on. Who knows, maybe an ambitious Council Member will push forth a bill that will incorporate that, supplement the funding, get some corporate sponsorship and maybe even include a community structure for sponsorship/funding -- all this is possible if we can get their focus off of "economic development" or should I say -- govt. give away of our most valuable public property at negative equity while the same officials put forth bills to buy land at premium FAR Square Foot rates for their needs.
Here is wishing you all a happy new year -- may we have a different, community friendly approach of GREEN economic development, actual community input/involvement in the use of our "Public Property", actual TRANSPARENCY of why bills are being pushed and by who -- just so we as the residents of the District of Columbia could feel like "WE HAVE A VOICE"!!!
It still makes no sense why "WE" continue to give away our public property or "sell" it so cheap --- sometimes at a Negative Value to create Economic Development -- when we are in possession of the most valuable Land Values and one of the most economically growing real estate values in the Western Hemisphere -- barring land that has natural resources.
OH -- the land in DC is our Natural Resourse - but we keep giving it away and somehow seem to pull the wool over the eyes of our community with shades of "community benefits".
2015 -- hopefully a NEW YEAR!
Rob Ramson
Please forward to other list servs if you feel the same.
On Tue, Dec 30, 2014 at 6:18 PM, 'Gigi Ransom' via WardFive <wardfive@googlegroups.com> wrote:
--Albrette "Gigi" Ransom
----- Forwarded Message -----
From: DISB Communications <dcdocs@dc.gov>
To: gigifor5c12@yahoo.com
Sent: Tuesday, December 30, 2014 12:06 PM
Subject: Press Release: Commissioner Determines CareFirst 2011 Surplus is Excessive
Commissioner Determines CareFirst 2011 Surplus is Excessive
Washington, D.C. (Dec. 30, 2014) - Acting Commissioner Chester A. McPherson of the D.C. Department of Insurance, Securities and Banking today issued his decision and order in the Surplus Review and Determination for Group Hospitalization and Medical Services, Inc. (GHMSI), a nonprofit hospital and medical services corporation which operates as CareFirst in the District of Columbia.After an extensive review of law and facts, the commissioner determined that GHMSI's 2011 surplus of $963 million was excessive and that approximately $56 million of the excess surplus is attributable to the District. Today's order requires GHMSI to submit a plan for the dedication of the excess surplus to community health reinvestment to the commissioner within 45 days.The commissioner is required by law to review GHMSI's surplus (the amount by which its admitted assets exceed its liabilities, including reserves) at least once every three years to determine whether it is "excessive." Under District law, surplus is considered excessive if: one, it exceeds certain risk-based capital standards; and two, it is unreasonably large and inconsistent with GHMSI's statutory obligation to engage in community health reinvestment to the maximum feasible extent consistent with financial soundness and efficiency. District law defines community health reinvestment as "expenditures that promote and safeguard the public health or that benefit current or future subscribers, including premium rate reductions."GHMSI's surplus as of Dec. 31, 2011 was just over $963 million. The commissioner determined that a target surplus of approximately $696 million would maximize GHMSI's community health reinvestment but still be consistent with financial soundness and efficiency, as required by District law. This target was reached by modeling GHMSI's surplus needs based on a careful evaluation of the company's historical experience and projected future experience.The commissioner considered over 2,000 pages of surplus-related materials in reaching this decision including submissions by GHMSI and its consultants; the D.C. Appleseed Center for Law and Justice and its experts; Maryland and Virginia insurance regulators; the department's consultants (Rector & Associates and NovaRest) and members of the public. In addition, the department held a public hearing on June 25, 2014 to receive testimony on the surplus review."The department carefully considered GHMSI's financial condition and its statutory obligation to engage in community health reinvestment," said McPherson. "This is a complex regulatory and insurance determination that was based on the factual findings and legal conclusions reached after an extensive review. I would like to express my appreciation to GHMSI, Appleseed, our insurance regulatory peers in Virginia and Maryland, the consultants and other interested parties who provided input throughout this process."To view the decision and order and all other surplus review documents, go to disb.dc.gov/carefirst.
The D.C. Department of Insurance, Securities and Banking has two missions: to fairly and efficiently regulate financial services in order to protect the people of the District of Columbia and to attract and retain financial-services businesses to the District. For more information, visit DISB at disb.dc.gov
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R. Ramson
3744 12th Street, N.E.,
Washington D.C., 20017
202-438-5988
"We must become the change we want to see" - Mohandas Gandhi-
(Together, for a Brighter Tomorrow)
3744 12th Street, N.E.,
Washington D.C., 20017
202-438-5988
"We must become the change we want to see" - Mohandas Gandhi-
(Together, for a Brighter Tomorrow)
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