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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