In public debates about the budgetary soundness of state government finances, it can be hard to separate real insights from political posturing and cloudy media reporting. The legendary former Federal Reserve Chairman Paul Volcker founded the Volcker Alliance in 2013 with the aim of enhancing government responsiveness by improving how governments work. In its report, Truth and Integrity in State Budgeting: What is the Reality? the Volcker Alliance paints a mixed picture for Maryland, and represents an opportunity for the state to make real improvements in areas considered as weaknesses.Read More
Author: Charlie Hayward
State auditors found “unsatisfactory” accountability and compliance levels within the highest management echelons of the Department of Health, the state’s largest agency. The auditors’ “unsatisfactory” designation is reserved under state law to a few large state agencies who demonstrate chronic inability to maintain a reasonable level of internal control, and cannot fix problems identified in past audits. Major problems have persisted over multiple years and several governors.Read More
Consumers who aren’t covered by employer insurance plans, or earn too much to qualify for Medicaid, will face steep premium increases in the Individual (or Indy”) Market averaging 28% higher than last year under the Affordable Care Act, if the Maryland Insurance Administration approves the proposed hikes.Read More
One of three national bond rating agencies, S&P Global Ratings, cited important differences with State Treasurer Nancy Kopp about how Purple Line debt is recognized in its May 26 opinion supporting Maryland’s $1 billion bond sale next Wednesday. S&P is going to count payments as debt; Kopp says it doesn’t have to be.Read More
he Maryland Health Benefit Exchange came under intense scrutiny by legislators after its disastrous start implementing the Affordable Care Act two and half years ago. Now that the exchange and its technology seems to be working, legislators seem less anxious to probe its working and finances. That’s the conclusion from watching hearings in Annapolis over the exchange’s proposed fiscal 2017 budget testimony last month.Read More
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