Tag: maine health coverage

Maine health insurance rates are going up, but most people will pay the same premiums

Nordstrom
Health insurance rates rising - Maine

Rates are expected to jump by almost 15 percent next year, though tax credits will compensate for them. The health insurance rates on Maine’s marketplace are expected to increase by almost 15 percent on average for 2024, according to estimates released by the Bureau of Insurance. Most people in the state will find the rate hikes are offset by tax credits, as they will typically qualify. Health insurance companies were required to complete the filing for their rate increase requests back in June. Federal officials have been considering the filings…

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Many concerned over Maine’s new health insurance law

Nordstrom

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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Open forum for small group health reveals public opinion

S.Vagus

Anthem Blue Cross and Blue Shield of Maine hosted a public comment forum Monday to discuss their impending rate hikes. A small group assembled in opposition of the proposed premium increases, most of whom were vocal with their disdain. The insurer is seeking to raise its rates as a result of rising medical costs and insists that the new rates will help ensure the quality of health care remains high. Many policyholders aren’t buying it. “We all know this is not about delivering quality care,” argues one angry Mapleton resident,…

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