Maine requests an exemption to the Affordable Care Act

On Saturday, an important federal health insurance regulation will take effect, Maine’s request for an exemption is still to be determined.  Though many other states are expected to file exemptions, they are the only state that has requested an exemption to the Affordable Care Act regulation; their goal is to have health insurance companies keep a minimum “medical loss ratio” of 80%.  Companies will have to spend about 80 cents of every insurance premium dollar for health care services and the other 20 cents on operational expenses such as marketing and…

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