‘Sec. 2. 24-A MRSA §2736-A, as amended by PL 2011, c. 364, §2, is repealed and the following enacted in its place:
§ 2736-A. Hearing; public comment
1. Hearing requirements. If at any time the superintendent has reason to believe that a filing does not meet the requirements that rates not be excessive, inadequate or unfairly discriminatory or that the filing violates any of the provisions of chapter 23, the superintendent shall cause a hearing to be held. If a filing proposes an increase in rates in an individual health plan as defined in section 2736-C, the superintendent shall cause a hearing to be held at the request of the Attorney General. In any hearing conducted under this subsection, the insurer has the burden of proving rates are not excessive, inadequate or unfairly discriminatory. Hearings held under this subsection must conform to the procedural requirements set forth in Title 5, chapter 375, subchapter 4.
2. Public comment on certain filings. If a filing proposes an increase in rates in an individual health plan as defined in section 2736-C and the rate increase for any policyholder exceeds the index of medical inflation by 2% or more, the superintendent shall hold meetings in at least 3 locations throughout the State to allow public comment on the rate filing. For purposes of this subsection, "index of medical inflation" means the rate of increase in medical costs for a section of the United States selected by the superintendent that includes Maine for the most recent 12-month period immediately preceding the date of the filing for which data are available.’