News

State Wants Input on Effort to Lower Premiums for Mainers

State Wants Input on Effort to Lower Premiums for Mainers

Photo: 560 WGAN Newsradio


AUGUSTA, Maine (AP)   The state wants public input on an effort to lower individual health insurance premiums for Mainers.

The Legislature last year passed a law to reduce premiums for individuals who don’t qualify for subsidies under former President Obama’s signature health law. The program would reimburse insurers for some costs associated with high cost enrollees.

Maine is applying for a federal waiver to create the program, which aims to stabilize Maine’s individual health insurance market amid premium increases and Anthem’s exit.

Insurance Superintendent Eric Cioppa says the state is proposing to fund the reinsurance program by using the money the federal government saves from having Maine operate the program. A federal reinsurance program ended in 2016.

The state is holding public hearings on the proposal Thursday in Bangor and Friday in Portland.

Latest Headlines

3 hours ago in Local

Southern Maine Community College Open After Lockdown

People had been asked to avoid the area while the lockdown was in effect.

4 hours ago in Local

Portland Police Looking for Man Missing for a Month

Officers did not say where the man was last seen.

17 hours ago in Local

Fiery Scarborough Crash Caught on Video

Crews quickly stretched a hose line and had water on the flames within moments.

17 hours ago in Local

Union Man Get 10 Years Drug Trafficking in Midcoast

Homeland Security and the Maine Drug Enforcement Agency investigated the case.

19 hours ago in Local

Bomb threat targeting Colby College deemed not credible following evacuation

Colby College in Waterville was deemed safe after a bomb threat Monday morning.