|Targeted News Service|
Health insurance premiums for the fourth quarter of 2012 are out, and they bring good news for Mainers with private insurance policies. See below for charts distributed by the
In the fourth quarter of 2010, before the enactment of PL 90 by Republican legislators, 2.9 percent of businesses saw their health insurance premiums go down. In Q4 2011, the first quarter of PL 90 implementation, that number increased to 9.2 percent. Now, recently released numbers show that 17.5 percent of
Equally noteworthy is the sharp decline in large rate increases. While 9.2 percent of businesses saw rate increases in excess of 40 percent in Q4 2010, the Republican health insurance reform cut that number in half, to 4.4 percent, in Q4 2012.
"Some of my Democratic colleagues have said they want to change the law, but in light of the numbers we're beginning to see as the reform takes effect, we need to be careful about altering this new reform before its potential benefits have been realized," said Rep.
New data also show that policyholders in northern and eastern
"This is really great news, and it shows that, with time, the reforms we enacted in 2011 have lowered premiums for most Mainers and set us on a course to enjoy the low rates that are so common in other states," said Assistant House Republican Leader
Despite criticism from the left of PL 90's changes to the rate review process, the
Recent complaints also about the
Critics of PL 90 cannot counter the fact that the health insurance reform is lowering rates dramatically throughout the state, and Mainers are finally getting respite from the dramatic rate increases that previously plagued them under