Article from The Sun

Carefirst

By M. William Salganik, Sun Staff

..."As people have learned about the particulars of the deal, they've become outraged," said Del. Dan Morhaim, a Baltimore County Democrat. "It's an obscene amount of personal profiteering by executives selling a business that belongs to the public."

Morhaim had introduced a bill in January saying CareFirst executives shouldn't profit from the sale and said some of his colleagues were skeptical of the need for legislation. With the details public, he said, his bill cruised through the House of Delegates on a vote of 137-0.

"In the end, citizens drive the process," Morhaim said. "You can go into all the obscure points, but when they see a public trust company being broken up and the executives getting millions of dollars, they know that's bad."

Originally published March 23, 2002