Health Insurer Sues Maine for Guaranteed Profits

A story from Maine offers up another reason why we need the choice of a public health insurance option, and it's a doozy.  Anthem Blue Cross and Blue Shield of Maine, a subsidiary of the insurance giant Wellpoint, is suing the State of Maine because the insurance commissioner refused to approve its request for a rate increase of 18.5% for its individual products, which included a guaranteed 3% profit. Commissioner Mila Koffman found Anthem's request "excessive" and approved a 10.9% average increase in premiums.

Maine Session Roundup

The Maine legislature gets high marks for succeeding on many vital issues despite the tough economic climate.  Lawmakers expanded equality by legalizing gay marriage, shored up future health coverage expansions, increased transparency and regulatory oversight of health insurance products, and created a court-supervised mediation process to prevent home foreclosures.