Former Maryland Insurance Commissioner Ralph S. Tyler, who left the Maryland Insurance Administration in January 2010, now has left his position as chief counsel of the U.S Food and Drug Administration.
William L. Jews, a former CEO of CareFirst, can now claim all $18 million of his severance, five years after he left his position leading Maryland’s largest health insurer and three years after the payment was challenged by state officials.
As CEO, Bills Jews took a struggling CareFirst BlueCr0ss BlueShield of Maryland and in 13 years turned it around into an efficient — and the state’s largest – health insurance company.
Claiming his client “earned every penny of his compensation and retirement payments,” the attorney for former CareFirst CEO William Jews is applauding a Baltimore County judge’s decision to award the former executive his full $18 million severance package.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.