Maine Rate Requests Highlight Impact Of Potential Reinsurance Program

June 06, 2018
Maine's insurance department has published rate requests for individual and small group markets that highlight the potential impact of the state's effort to reinstate its reinsurance-type program, with one request showing rates would fall from a nearly 14 percent increase to an almost 9 percent decrease if the reinsurance program is implemented. Maine recently submitted an Affordable Care Act Section 1332 waiver request to CMS seeking approval to once again implement the Maine Guarantee Access Reinsurance Association (MGARA), which would...

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