Insurance Commissioner v. CareFirst of Maryland, Inc.

In this case, two non-profit health insurers seek to limit the scope of the authority held by the Maryland Insurance Commissioner (the “IC”) to regulate insurance rates proposed by them. Appellees CareFirst of Maryland, Inc. (“CareFirst”) and Group Hospitalization & Medical Services, Inc. (“GHMSI”)(together referred to as “the insurers”) challenge the IC’s right to venture outside strict actuarial concerns (1) in deciding to disapprove the insurers’ proposed rate increases as excessive, and (2) in treating as income the benefit of a subsidy or discount earned by the insurers because they were *453…