Maine Seeks U.S. Waiver for Blackstone’s ‘Junk’ Health Insurer
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Maine wants an exemption from the federal health-care law to keep a Wall Street-controlled insurer with a history of allegedly abusive practices from leaving the state.
Mila Kofman, Maine’s insurance superintendent, asked the U.S. Department of Health and Human Services for a three-year waiver from the law’s requirement that insurers spend 80 percent of premium revenues on medical care.