As Pennsylvania continues its slow and steady march toward building a health insurance exchange, residents of the state are coming to the Department of Insurance with questions about how the exchange will affect them. The state’s Department of Insurance has been awarded a $1 million grant from the federal government to help keep consumers informed over the matter. With the money, the department has hired additional staff, whose purpose it is to answer the questions consumers have about the exchange and the Affordable Care Act. Pennsylvania has stood in opposition…
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Maine requests an exemption to the Affordable Care Act
Maine’s request for an exemption is still to be determined 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…
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