AUGUSTA, Maine — As a new administration takes over in Augusta, a legislative study panel is recommending that a Maine-based exchange be set up to help small businesses and individuals find more affordable health insurance.
The committee of Democratic and Republican lawmakers released a report Monday calling for an online insurance exchange.
Exchanges are insurance marketplaces for individuals and smaller businesses designed to promote competition and drive down costs.
The new federal health care law requires the states to establish their own exchanges. Residents of states that don’t will be able to participate in a federal exchange by 2014.
Maine’s Committee on Health Care Reform made its recommendation as Maine considers whether to join other states in challenging the federal health care law. Maine Attorney General-elect Bill Schneider has expressed reservations about the law.