Home » Business » MDP Statement on Susan Collins Refusing to Stave Off Skyrocketing Insurance Rates

MDP Statement on Susan Collins Refusing to Stave Off Skyrocketing Insurance Rates

by Priya Shah – Business Editor

AUGUSTA, ME‍ – November 11, ​2023 – The Maine Democratic Party sharply ⁢criticized Senator Susan Collins today‍ for failing to support measures that would have mitigated ample increases in health insurance premiums for Maine residents.The rebuke follows confirmation that ⁣Mainers face double-digit‍ rate hikes‌ for 2024 coverage, impacting families and businesses across the⁤ state.

These escalating‌ costs come​ as Senator Collins has accepted over $76,000⁣ in campaign ⁣contributions from ⁤the insurance industry since the start of​ 2017, raising questions about her priorities and responsiveness to‍ the needs of her constituents. The⁣ Maine Democratic Party contends that her inaction directly contributes ​to the financial strain experienced by Maine people struggling to ⁢afford essential healthcare.

According to filings with⁢ the federal Election Commission, insurance companies and their political action committees have consistently contributed to Collins’‌ campaigns. The Maine Beacon reported that these contributions totaled over $76,000 since January 1, 2017. Simultaneously, Maine’s health insurance‍ market‌ has experienced ‌important premium increases.

The Maine Bureau of Insurance recently approved ⁢average premium increases of 13.8% for 2024 plans offered through the Affordable Care Act ⁢marketplace. This⁢ follows previous⁤ years of substantial rate⁣ hikes, placing ‌an increasing burden ​on individuals and families who rely on these ​plans for coverage.⁤

“Senator Collins has a clear choice: stand with the insurance companies funding her campaigns or stand with Maine ​families struggling to afford healthcare,” stated a press release ‍issued by the Maine Democratic Party. “Her continued⁢ acceptance of industry ⁤money ⁤and refusal to ​champion⁣ policies that lower costs demonstrate a troubling pattern of prioritizing special‍ interests over the well-being‍ of her constituents.”

The Maine Democratic Party is calling on Senator Collins to support policies aimed⁢ at increasing openness ⁣in healthcare pricing, negotiating lower drug costs,⁤ and strengthening consumer ⁤protections within the insurance market. They argue that these steps⁣ are crucial to address the affordability crisis and ensure access to quality healthcare for all Mainers.

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