Maine Granted Waiver Of A Key Provision In Obama’s Socialized Medicine ‘Obamacare’

Maine gets break in federal health care overhaul
CNBC
PORTLAND, Maine – The federal government Tuesday granted Maine a waiver of a key provision in President Barack Obama’s health care overhaul, citing the likelihood that enforcement could destabilize the state’s market for individual health insurance.
The U.S. Health and Human Services department said in a letter it would waive the requirement that insurers spend 80 cents to 85 cents of every premium dollar on medical care and quality improvement. Instead, the letter said, the state could maintain its 65 percent standard for three years, with the caveat that HHS intends to review the figures after two years.
The decision makes Maine the first state to receive a waiver of the requirement. Similar requests are pending from Kentucky, Nevada and New Hampshire.
In seeking the waiver, Maine Insurance Superintendent Mila Kofman feared that one of three major insurers offering individual plans in Maine would withdraw from the market altogether if the federal requirement remained in place. The insurer, MEGA Life and Health Insurance Co., has 37 percent of the state’s individual market.
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Wild Thing’s comment……..
The people that voted for obama are the ones that should beb paying for this socialized medicine. WE did not ask for it,. and WE did not vote for obama!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Time to convene a Death Panel on the entire law.