Maine: APPROVED 2020 ACA Exchange Premium Rate Changes: 1.6% *decrease*
Back in June I noted that Maine's Bureau of Professional & Financial Regulation released their preliminary 2020 rate filings for the Individual and Small Group markets. At the time, the three carriers on their Indy market were requesting average rate increases of around 4.7% next year.
In July I reported that the carriers themselves sliced their unsubsidized 2020 rates down of their own volition, to a 1.6% decrease on average.
Last week, after a public comment meeting, it looks like the Maine Insurance Dept. went ahead and approved the lower, revised rates for all three individual market carriers.
They also appear to have slightly lowered some of the small group market increases (the weighted average dropped from +9.7% to +8.6%):