Maine gets break in federal health care overhaul
PORTLAND, Maine - The federal government Tuesday granted Maine a waiver of a key provision in President Barack Obama's health care overhaul, citing the likelihood that enforcement could destabilize the state's market for individual health insurance.
The U.S. Health and Human Services department said in a letter it would waive the requirement that insurers spend 80 cents to 85 cents of every premium dollar on medical care and quality improvement. Instead, the letter said, the state could maintain its 65 percent standard for three years, with the caveat that HHS intends to review the figures after two years.
The decision makes Maine the first state to receive a waiver of the requirement. Similar requests are pending from Kentucky, Nevada and New Hampshire.
In seeking the waiver, Maine Insurance Superintendent Mila Kofman feared that one of three major insurers offering individual plans in Maine would withdraw from the market altogether if the federal requirement remained in place. The insurer, MEGA Life and Health Insurance Co., has 37 percent of the state's individual market.
Senator Snowe also voted for the corrupt stimulous bill with its AIG Executive Bonus Guarantees. We know how that's turned out...9.8% UNEMPLOYMENT! There' no reason to think this mess will turn out any better, and the final product is likely to be much much worse than the committee bill. I hope whatever the Democrats promised her its worth the damage Obamacare will do to the American people!
History Called. LOL. Barack Obama called and she went running like the Liberal lapdog that she is. It's false advertisement for her to have an "R" beside her name. She wouldn't even make a good blue dog Democrat. I fully expect Snowe and her twin sister Susan Collins to vote with the Democrats no matter what the final health care bill looks like because I'm sure "History" will be on the line, wooing her one more time.