In Madison the Wisconsin State Assembly passed a bill wherein the minimum level for car insurance is lowered, wiping out the higher ones that were approved by the Democrats back in 2009. This bill reduces the minimum amount for coverage for the liability and uninsured drivers insurance. Before the law was approved in 2009, it was voluntary to get insurance for those who are underinsured. This time, it will go back to that same situation. When drivers are the cause of an accident that happened, this underinsured coverage is useful,…
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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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