Everything you need to know about ranked-choice voting in one spot. Click to learn more!

Maine Supreme Court says state has authority to limit insurance profits

From Ballotpedia
Jump to: navigation, search
The Judicial Update

February 29, 2012

AUGUSTA, Maine: In a case that could have broad implications, the Maine Supreme Court has ruled unanimously against Anthem Health Plans of Maine.[1] Anthem was appealing the Maine Superintendent of Insurance's decision to limit the health insurance company's profits. In the 7-0 decision, the high court rejected Anthem's claim that the company has a right to build in a 3-percent profit and risk margin when setting individual health insurance premiums.[2] This most recent case was the third time that Anthem has filed suit against the state and lost.

See also

Footnotes

  1. ↑ CNBC, "Maine's Highest Court Says State Can Limit Insurance Profits," February 28, 2012 (dead link)
  2. ↑ Boston.com, "Anthem loses appeal to Maine supreme court," February 28, 2012
v • e
Ballotpedia Email Updates



Retrieved from "https://ballotpedia.org/wiki/index.php?title=Maine_Supreme_Court_says_state_has_authority_to_limit_insurance_profits&oldid=5996636"