State to merge health insurance markets in bid to help small businesses
State insurance regulators said the merger of the individual and small group markets will promote price stability and lower premiums.
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State insurance regulators said the merger of the individual and small group markets will promote price stability and lower premiums.
State insurance regulators said the merger of the individual and small group markets will promote price stability and lower premiums.
The measure introduced by Sen. Ned Claxton, D-Auburn, aims to reduce the price of the costliest prescription drugs for Mainers.
Senior Health Insurance Company of Pennsylvania was put into rehabilitation in 2021 by the Commonwealth Court of Pennsylvania after regulators said it was “statutorily insolvent.”
On Tuesday, February 8, 2022, Maine Insurance Superintendent Eric Cioppa issued a Cease and Desist Order against Senior Health Insurance Company of Pennsylvania (SHIP). Superintendent Cioppa also scheduled a virtual public hearing for Friday, February 18 at 9 a.m., to consider whether the Order should remain in place.