Statement on “Few Winners, Many Losers: Evaluating the Impact of Key Provisions of Maine’s New Health Insurance Law to Date”

New report confirms that premiums rise for most Maine consumers and small businesses
Augusta, Maine (Tuesday, September 4, 2012) Garrett Martin, Executive Director of the Maine Center for Economic Policy (MECEP), issued the following statement today concerning “Few Winners, Many Losers: Evaluating Key Provisions of Maine New Health Insurance Law to Date,” a new report released today by Consumers for Affordable Health Care. 

“CAHC’s findings confirm that the sweeping changes the Legislature made in 2011 to Maine’s fundamental health insurance consumer protection statutes have raised health insurance costs for Maine consumers and small businesses to pad insurance company profits. Premiums have increased for more than half of Anthem’s Maine customers, including over 90% of those between ages 50 and 59 and 100% of those age 60 and older. Rates have also increased for more than 90% of Maine small businesses.”

In May 2011, MECEP forecast a similar outcome when we released “Health Plan Winners and Losers,” an analysis of LD 1333, the bill then pending in the Maine Legislature which became Ch 90, the subject of the new CAHC report.  For a copy of the CAHC report, click here.