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PR Newswire: Maine High Court Affirms State’s Rejection of Anthem Health Insurance Rate Hike; Consumers Saved $5.4 Million

April 26, 2011–The Maine Supreme Court upheld a decision by the state superintendent of insurance to reduce an excessive health insurance rate increase proposed by Anthem, in a decision issued Thursday. Consumer Watchdog said the victory for Maine consumers showed the need for effective rate regulation in every state to ensure that health insurers charge fair prices under national health reform legislation that will soon require every American to prove they have insurance.

IssuesHealth