My area is getting rid of our contractors, and not backfilling even after a large VSP leave. Checking to see if other areas are experiencing the same in the very near future. Is CF trying to get the rest of us that’s left to just quit? Entire company has fallen apart more in the past few months, just when I thought it couldn’t get worse but yet HR pretends we’re stronger than ever? Have they read comments from our members or providers or even employees? Leadership definitely doesn’t know how to read the room.
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@f9 This is the best wisdom posted on here in long time. Well said.
Research on Guidewell Merger:
The current Maryland Insurance Commissioner is MG.
Appointment: Appointed by Governor WM and assumed office as acting commissioner on October 1, 2024.
Confirmation: Officially confirmed by the Maryland Senate on April 2, 2025.
Background: She previously served as the Assistant Secretary for Health Policy at the Maryland Department of Health and was formerly the Vice President of Public Policy at CareFirst BlueCross BlueShield.
Multi-Jurisdictional Approval:
- This aligns with the friendship between BP and WM and now MG. Check mark on one hurdle. MG has "Acquisition Veto Power: The Maryland Insurance Commissioner has broad authority to reject any deal if it is deemed "not in the public interest" or if the board is seen as "abdicating its fiduciary responsibility". - So we know which way MG will go.
2.D.C. Department of Insurance, Securities and Banking (DISB): Oversees the D.C. affiliate (GHMSI), which has its own federal charter and strict surplus requirements. ! Unknown outcome?
Delaware Department of Insurance: Must also sign off on changes affecting its local market. - Fair to say they will side with Annapolis.
Federal Scrutiny: The FTC and Department of Justice have signaled more rigorous enforcement for healthcare consolidation in 2025–2026, particularly where it might reduce competition or lead to higher premiums. --Potential Failure Point.. this could blow the entire merger due to political leanings.
More to come. Midterms will be a pivot point.
Let the stuff drop. Stop being the hero. Serious moment of reflection for all of us. If you are burning nights and weekends to make up for all these cuts, then that is a "you/us" issue no matter how we try to rationalize it. Providers, members, whatever. The Board is probably on a catamaran with BP and DH in FL. The executives don't care and it is clear the groups and networks and regulators aren't holding the execs accountable. Work an honest solid day and earn your paycheck. Beyond that if the pile of work stuff and stakeholder complaints keep growing then they keep growing.
Yes - the Guidewell acquisition appears to be a real thing. BDP left for Florida. DH left for Brown & Brown insurer. Heard in Orlando among a small group merger considerations are a thought. Not a surprise when top leadership leave. I am wary as are my colleagues in management.
The bottom line needs thinned out before the acquisition by Guidewell.