Insurance and Financial Services

Maine lawmaker’s bill highlights novel option for affording long-term care: life insurance

http://bangordailynews.com/2013/04/23/news/state/maine-lawmakers-bill-highlights-novel-option-for-affording-long-term-care-life-insurance/print/   By Jackie Farwell, BDN Staff Posted April 23, 2013, at 8:46 p.m. Maine seniors and the state’s cash-strapped MaineCare program could both win under new legislation up for debate Wednesday in the Legislature, according to the bill’s supporters. The legislation, sponsored by Sen. Margaret Craven, D-Lewiston, involves an often overlooked way for seniors...

Bill Aims to Give Maine Seniors Another Option to Pay for End-of-Life Care

http://www.mpbn.net/News/MaineNewsArchive/tabid/181/ctl/ViewItem/mid/3475/ItemId/27619/Default.aspx Bill Aims to Give Maine Seniors Another Option to Pay for End-of-Life Care Reported By: Patty B. Wight According to the National Institutes of Health, nearly seven in 10 people over age 65 will need long term care at some point in their lives. But a recent poll by the AP-NORC Center for Public...

Democrats say survey shows GOP “rate hike law” must be repealed

Independent report shows health insurance law hikes rates for small businesses, Mainers over 50   AUGUSTA – Key Democratic state lawmakers say the GOP insurance deregulation or the “rate hike law” passed last year must be repealed in light of a new independent report showing its devastating impact on  small businesses and Mainers over age...

SENATE REPUBLICANS NEGLECT CONSUMER PROTECTIONS AND PUBLIC NOTICE IN HEALTH INSURANCE BILLS

Two GOP-Championed Measures Continue Empowering Insurance Industry AUGUSTA – The Maine Senate Republicans supported two insurance-related bills with anti-consumer consequences. In a straight party-line vote, Maine Senate Republicans voted in favor of one bill that despite its title, does nothing to set up a health care exchange in Maine. LD 1497, “An Act to Comply...

MAINE LEADER PARTICIPATES IN HEALTH CARE AND TECHNOLOGY SUMMIT

BALTIMORE, MD—Democratic Leader, Senator Barry Hobbins (D-Saco) was one of more than eighty legislators, corporate leaders, and academics from across the country who participated in the State Legislative Leaders Foundation (SLLF) and Johns Hopkins University’s 2011 Health Care Summit – Unusual Suspects: Using Technology to Build Partnerships that Will Improve Health and Health Care in...

LEGISLATION AIMED AT PROTECTING MAINE’S VULNERABLE CITIZENS BECOMES LAW

AUGUSTA – Senate Democratic Leader Barry Hobbins of Saco sponsored a bill this legislative session that would extend the right for an insured person to designate a third party to receive notice of cancellation of an insurance policy. The amended bill (LD 313) received unanimous support from the Maine Legislature and was recently signed in...

Insurance companies get a voice in Augusta

By Sen. John Patrick May 22, 2011 12:00 am Read more at the Sun Journal. We know Sen. Lois Snowe-Mello, R-Poland, wants to give a greater voice to the chemical companies in Augusta, as she told the Sun Journal only a few months ago. But now, it seems, she wants to boost the voice of...

Lawmakers brokering compromise on controversial health insurance overhaul plan

By Scott Thistle, Sun Journal Posted May 11, 2011, at 2:16 p.m. Read More at the Bangor Daily News. AUGUSTA, Maine — The Maine Senate voted to table insurance reform Wednesday morning as Republicans and Democrats continued to negotiate changes to legislation that could impact the way some 40,000 Mainers get health insurance. The Senate...

Maine Legislative Democrats: Reckless insurance law bad for Maine

AUGUSTA – Maine Senate and House Democrats warned that an insurance-industry backed measure signed into law today to overhaul Maine’s health insurance protections will drive up costs for the sickest Maine people, those living in rural areas, and anyone over age 48. The Republican plan, LD 1333, was ramrodded through the legislature and passed largely along party...

Insurance reform’s passage shows cracks in State House bipartisanship

READ MORE at the KENNEBEC JOURNAL By Tom Bell tbell@mainetoday.com MaineToday Media State House Writer AUGUSTA — Gov. Paul LePage will sign a bill today to overhaul Maine’s health insurance system, putting an end to a political fight that gave Republicans their biggest victory of the session but left many Democrats furious about the bill’s...

Senate Passes Health Care Overhaul After Heated Debate

VIEW VIDEO COVERAGE FROM WABI-5 by Rob Poindexter – May 16th 2011 11:06pm Augusta - Governor LePage and Republican lawmakers scored a big victory Monday on healthcare. “This is about lowering the cost of health insurance,” Senator Jonathan Courtney of York County told lawmakers during the Senate debate. In a move praised as a bipartisan...

Maine health system overhaul ready for signature

Republicans deflect claims of a rushed process and expect a more competitive market and premium cuts. Read More at the Portland Press Herald By Tom Bell tbell@mainetoday.com MaineToday Media State House Writer AUGUSTA — Gov. Paul Le Page will sign a bill today to overhaul Maine’s health insurance system, putting an end to a bruising...