(Bloomberg) In Maine, the insurer that has enrolled the most Obamacare customers isnt the states well-established Blue Cross Blue Shield plan, owned by WellPoint Inc. Its WellPoints only rival: Maine Community Health Options, a startup that didnt exist three years ago.
The newcomer, funded primarily by taxpayer money lent under the U.S. health care law, has won about 80% of the market so far in Maines new insurance exchange, exceeding its own expectations, said Kevin Lewis, the chief executive officer.