CareFirst Blue Cross and Blue Shield, Owings Mills, Md., will not appeal a ruling by Maryland regulators to block the insurer's sale to WellPoint Health Networks, Thousand Oaks, Calif.; however, WellPoint can appeal the decision if it chooses. The company said it has not determined what it will do. Meanwhile, several bills have been introduced in the state Legislature seeking to overhaul CareFirst's board and investigate whether the board broke laws in pursuing the WellPoint deal. Maryland Insurance Commissioner Steven Larsen ruled earlier this month that the board had not fulfilled its duty in structuring the deal between not-for-profit CareFirst and for-profit WellPoint and had acted improperly by approving bonus packages for some executives as part of the sale. -- by Tony Fong
CareFirst bows to Md. regulators
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