LD 1333 Already Causing Fears of Skyrocketing Rates, Disgraced Insurers Coming Back to Maine

7:42 am in Uncategorized by ME Progressives Warehouse

(Cross-posted on Daily Kos)

Bangor Daily reporting that the U.S. Census Bureau today will be releasing the latest uninsured figures today. But as it is based upon the 2010 census numbers, one wonders how accurate the numbers for Maine will be.

Especially in light of news that the insurance industry is already raising premiums beyond reach of many small rural Maine companies.

One company that left Maine but has now returned, Assurant, is now sending out expensive lil recruiting literature to all life and health (L&H) insurance agents in the state. Previously they did business under than name of Fortis, and had [landed themselves in hot water with the State of Maine Bureau of Insurance, as did the company John Alden.

More on Assurant here, John Alden here.

Expect to see a LOT of these formerly disgraced companies coming back home to roost in Maine, thanks to LD 1333. There are many reasons they left Maine markets in the first place, and one would be wise to be skeptical of them as they return, as well as do their own research into the companies before they sign anything.

In addition to Senator Plowman’s opinion piece today where she failed repeatedly and predictably to mention her (and others) many questionable connections to ALEC and MHPC, the Bangor Daily News ran one from Rep. Walter Kumiega (D-Deer Isle).

Some clips:

One of those laws is the major health insurance overhaul Republicans pushed through a few months ago.

We are already seeing the negative effects of this health insurance overhaul. The Ellsworth American reported recently that some small businesses in rural Maine will be seeing their health insurance costs go up more than 60 percent as early as October. Read the rest of this entry →