Maine gets break in federal health care overhaul – CNBC.
Another Obamacare waiver for the whole state of Maine! This will be a three year reprieve from the requirement that insurers spend “80 to 85 cents of every premium dollar on medical care and quality improvement”. It includes a review in two years.
This was provided in the face of the threat that MEGA Life and Health Insurance, which provides 37 percent of the states insurance for individuals would withdraw entirely from the market.
The plan for Obamacare had been that insurance companies could survive until the the government had organized sufficiently to take on the single payer system. This is obviously not working.
