Maine. The Maine Superior Court upheld a Maine official’s decision to deny a profit margin for a Wellpoint, Inc. unit in a health insurance rate request. Anthem Blue Cross and Blue Shield proposed a rate increase of 18.1%, but the state only allowed a 10.9% increase, which was the same increase allowed in 2009. The court noted that the approved 2009 rate for Anthem Blue Cross and Blue Shield’s individual health insurance line met the state’s legal standard and wasn’t inadequate. The 10.9% increase became effective on July 1, 2009. The ruling may resonate in other states where regulators are battling premium hikes. For more information, visit http://www.maine.gov/pfr/insurance/.

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This entry was posted by Adam V. Russo on Monday, June 28th, 2010 at 1:30 pm and is filed under Health Care Legislation, Maine. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.