Cassidy says Maine would win in Obamacare repeal. He hasn't shown his data. - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
September 22, 2017 Newswires
Share
Share
Post
Email

Cassidy says Maine would win in Obamacare repeal. He hasn’t shown his data.

Bangor Daily News (ME)

Sept. 21--PORTLAND, Maine -- The architect of Republicans' latest bid to kill the Affordable Care Act said Wednesday that Maine and other states would see "billions" more under it, but he hasn't shown his data and it contradicts outside analyses.

It's unlikely to help the Graham-Cassidy bill, led by U.S. Sen. Bill Cassidy, R-Louisiana, get over the finish line: Maine Sen. Susan Collins looks primed to vote against it, Kentucky Sen. Rand Paul already opposes it and a third Republican no vote would kill the bid.

On Wednesday, Cassidy told CNN that a group of states including Maine will see "billions more dollars" for coverage under the plan, which would eliminate subsidies for exchanges and a higher reimbursement rate for Medicaid expansion states and replace it with lower overall block grants.

But when the Bangor Daily News asked Cassidy's office in a Wednesday email to provide his figures, spokesman Ty Bofferding replied, "We are locking down the numbers now so I will send them to you once I have final numbers." He said Thursday that he's still working to finalize the numbers.

Estimates from outside groups haven't been kind to the Graham-Cassidy plan nationally. The nonpartisan Kaiser Family Foundation said Thursday that it would amount to a $160 billion cut nationally by 2026, with Maine in a unique position -- getting more funding than it does under the Affordable Care Act, but becoming a net loser due to Medicaid changes.

It estimated that Maine would see $4.2 billion in block grant funding, which is $325 million more than it gets in federal Affordable Care Act funding now. But Maine would lose $379 million due to a per-enrollee cap on Medicaid funding, amounting to a $54 million loss by 2026.

Those cuts would balloon if the block grant isn't extended in 2027. Assuming that, Kaiser placed Maine's loss at $745 million by then. The liberal Center on Budget and Policy Priorities estimated it at $1 billion.

Collins and fellow Republican Sens. John McCain of Arizona and Lisa Murkowski of Alaska, killed the last repeal effort in July and the Maine senator told ABC News on Tuesday that she's "leaning no" on the bill. McCain and Murkowski also are undecided.

___

(c)2017 Bangor Daily News (Bangor, Maine)

Visit the Bangor Daily News (Bangor, Maine) at www.bangordailynews.com

Distributed by Tribune Content Agency, LLC.

Older

EDITORIAL: Here we go again: GOP bill replacing ACA is about budget cuts, not reform

Newer

Novation Settlement Solutions’ $250,000 Pledge Makes a Positive Impact on Storm Victims’ Lives

Advisor News

  • SEC manual shake-up: What every insurance advisor needs to know now
  • Retirement moves to make before April 15
  • Millennials are inheriting billions and they want to know what to do with it
  • What Trump Accounts reveal about time and long-term wealth
  • Wellmark still worries over lowered projections of Iowa tax hike
More Advisor News

Annuity News

  • Variable annuity sales surge as market confidence remains high, Wink finds
  • New Allianz Life Annuity Offers Added Flexibility in Income Benefits
  • How to elevate annuity discussions during tax season
  • Life Insurance and Annuity Providers Score High Marks from Financial Pros, but Lag on User Friendliness, JD Power Finds
  • An Application for the Trademark “TACTICAL WEIGHTING” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
More Annuity News

Health/Employee Benefits News

  • Critics concerned seizure detection bill impacts Illinois' small businesses
  • Som Medicare households may need nearly $500K for health care in retirement
  • Medicaid and CHIP reliance by state: 2026 study
  • In Assembly's sprint to finish, bills on PFAS, insurer denial pass final hurdle
  • Parents of children with disabilities call to not ‘lock in’ Iowa Medicaid privatization
More Health/Employee Benefits News

Life Insurance News

  • Best’s Special Report: US Life/Health Insurance Industry Sees Impairments Halved in 2024
  • Jackson Study Exposes Stark Disconnect Between Anticipation of Policy Change and Retirement Planning Conversations
  • Thrivent plans to add 600 advisors this year
  • Third Federal Named a top Financial Services Company by USA TODAY
  • New Allianz Life Annuity Offers Added Flexibility in Income Benefits
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

Your Cap. Your Term. Locked.
Oceanview CapLock™. One locked cap. No annual re-declarations. Clear expectations from day one.

Ready to make your client presentations more engaging?
EnsightTM marketing stories, available with select Allianz Life Insurance Company of North America FIAs.

Press Releases

  • YourMedPlan Appoints Kevin Mercier as Executive Vice President of Business Development
  • ICMG Golf Event Raises $43,000 for Charity During Annual Industry Gathering
  • RFP #T25521
  • ICMG Announces 2026 Don Kampe Lifetime Achievement Award Recipient
  • RFP #T22521
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet