Maine regulators finalize reduced Affordable Care Act insurance rates for 2020

[jpak]

https://www.pressherald.com/2019/08/23/regulators-finalize-reduced-affordable-care-act-insurance-rates-for-2020/

The Maine Bureau of Insurance has finalized the state’s 2020 rates for Affordable Care Act marketplace health insurance and submitted them to the federal Centers for Medicare and Medicaid Services.

In an unusual move, two of Maine’s three ACA marketplace insurance providers will reduce their average rates for individual insurance plans in 2020, while the other will increase its average rates by less than 1 percent, according to the bureau. State officials noted that the Legislature passed a measure recently that could help lower ACA insurance rates even further in future years.

The unexpected easing of individual rates in Maine comes as the Trump administration continues Republican efforts to overturn the ACA, former President Obama’s signature legislative achievement.

The Maine insurers – Community Health Options, Harvard Pilgrim Health Care and Anthem Blue Cross and Blue Shield of Maine – have said new evidence has emerged that the ACA health insurance market has stabilized even further since their original rate filings in early June.

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Fuck Trump