Bill > LD519

This bill removes the requirement for individual and small group health plans to be offered through a pooled market in Maine, effectively eliminating provisions related to a previously established pooled market system. The legislation systematically repeals sections of the Maine Insurance Code that established and regulated the pooled market, including removing references to pooled market requirements from various sections of existing law. Specifically, the bill amends chapter headings, repeals sections related to the pooled market, and modifies language about rate filings, clear choice designs, and reinsurance programs to remove pooled market-specific provisions. The bill also eliminates the requirement for the Maine Guaranteed Access Reinsurance Association to operate a retrospective reinsurance program for individual and small group health plans in a pooled market. These changes essentially streamline health insurance regulations by removing a previously established market structure, potentially giving insurers more flexibility in how they offer and structure individual and small group health plans in Maine.

Health and Social Services

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=519&snum=132