After years of fortunate conversio...

After years of fortunate conversions by nonprofit Blues plans, the rejection of Maryland-based CareFirst, Inc.'s demand to convert last March was a clear signal that regulators and consumer are now closely scrutinizing the transactions. over 2003, four Blues plans either had their conversions obstructed or voluntarily pulled out of the deal.

When he made the decision, former Maryland Insurance Commissioner Steven Larsen said CareFirst had breached its fiduciary office The conversion would have l to