Maine to welcome its first health insurance co-op

Health Care Reform

State receives federal grant to aid in the establishment of new insurance system Maine Community Health Options has received a federal grant that will help it establish the state’s first health insurance co-op system. The organization has been a strong advocate for national consumer operated and oriented plans (co-ops), which are believed to make health insurance both more affordable and comprehensive. The grant provided by the government will assist in the development and introduction of a health insurance co-op in Maine. This new system may serve as an example for…

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States opt to put hold on health insurance exchanges pending ruling from Supreme Court

Illinois Health Insurance Exchanges

States back away from health insurance exchanges as uncertainty concerning Affordable Care Act grows As health care continues to grab headlines in the world of insurance news, the uncertain future of the Affordable Care Act could have serious, yet often overlooking, implications for the Maine health insurance industry. The health care law has been the target of criticism due to a provision that requires all Americans to purchase and maintain some form of health insurance coverage. One of the most ambitious provisions of the law has been relatively well-received. That…

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Report makes recommendation for healthcare exchange regulations in Maine

A report laying out the major element of the Maine health insurance reform – its healthcare exchange – has been presented to the state legislative committee and is being received with dissatisfaction from Democrats. Senator Joseph Brannigan (D-Portland) said that upon receipt of the report, he and the other Insurance and Financial Services Committee members are disappointed. He explained that “It just doesn’t seem friendly and inviting as a marketplace for businesses and people shopping for insurance.” The Affordable Care Act, which is the heart of the overhaul of the…

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New bill in Maine calls for lawmakers to pay health insurance tax

Republican legislators in Maine have proposed a new bill that would levy a $4 monthly health insurance tax throughout the state. The bill notably exempts federal and state employees from the tax, drawing harsh criticism from both Democrats and citizens. Democrats had submitted amendments to the bill late last week that would remove the exemption for lawmakers, but the notion was dismissed by Republicans. However, Senator Richard Whittemore, R-Skowhegan, issued an emergency legislation that would require state legislators to be included in the tax. The reasoning behind the proposed tax…

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Many concerned over Maine’s new health insurance law

Lawmakers in Maine have been working toward new health care laws in an effort to improve the state’s insurance market. Yesterday, Governor Paul LePage signed a new law that may clash with federal regulations that will come into effect the being of 2014. The new law will allow insurers to raise rates for older policyholders which, in some cases, can end up being five times higher compared to policies held by younger people. This comes into direct conflict with the provisions of the Affordable Care Act, as do a number of…

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Maine health insurance debate: Allow residents to purchase insurance out of state or not

Legislators in Maine continue to feud over the state’s proposed health insurance reform. Adding further stress to the issue is the fact that the state’s $6.1 billion budget has yet to be determined. There is little more than a month for legislators to make definitive decisions regarding these two issues. Though the deadline is rapidly approaching, lawmakers are not concerned that a reasonable outcome will be met. Today, the Senate will assemble to rule on a much contested health insurance bill. The bill will allow residents on Maine to purchase…

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The latest battle over Maine health insurance bill

As health care reform continues to be a hotly contested issue throughout the nation, Maine is embroiled in its own battle regarding the state’s health insurance regulations. Earlier this week, a bill was introduced that would seek to overhaul the current regulatory standard in the hopes of increasing competition in the state’s health insurance market, thereby driving down insurance rates. Introduced by Representative Jonathan McKane (R), the bill has received rigid opposition from Democrats who say that consumer protections are being put at risk.  The promise that the bill will…

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