| 122nd MAINE LEGISLATURE | |||||||||
| LD 1845 | LR 2927(03) | ||||||||
| An Act To Increase Access to Health Insurance Products | |||||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | |||||||||
| Committee: Insurance and Financial Services | |||||||||
| Fiscal Note Required: Yes | |||||||||
| Minority Report | |||||||||
| Fiscal Note | |||||||||
| Projections | Projections | ||||||||
| 2005-06 | 2006-07 | 2007-08 | 2008-09 | ||||||
| Net Cost (Savings) | |||||||||
| General Fund | $0 | $22,788,165 | $23,978,000 | $24,696,000 | |||||
| Appropriations/Allocations | |||||||||
| General Fund | $0 | $7,788,165 | $8,978,000 | $9,696,000 | |||||
| Other Special Revenue Funds | $0 | ($7,788,165) | ($8,978,000) | ($9,696,000) | |||||
| Revenue | |||||||||
| Other Funds | $0 | ($43,700,000) | ($43,700,000) | ($43,700,000) | |||||
| Transfers | |||||||||
| General Fund | $0 | ($15,000,000) | ($15,000,000) | ($15,000,000) | |||||
| Other Special Revenue Funds | $0 | ($7,788,165) | ($8,978,000) | ($9,696,000) | |||||
| Other Funds | $0 | $22,788,165 | $23,978,000 | $24,696,000 | |||||
| Fiscal Detail and Notes | |||||||||
| Provides a General Fund appropriation of $7.8 million for FY 2006-07 for the state share of the costs of Medicaid services for the parents of MaineCare eligible children with family incomes between 150% and 200% of the nonfarm income official poverty line that had previously been funded by a transfer of revenue from the Dirigo Health Enterprise Fund. Assumes the elimination of the Savings Offset Payment (SOP) would reduce Dirigo Health Enterprise Fund revenue beginning in July of 2006 and would result in a loss of 75% of the 2006 SOP and 25% of the 2007 SOP for state fiscal year 2006-07. For the purposes of this fiscal estimate, the 2007 SOP is assumed to be equal to the 2006 SOP. | |||||||||
| Assumes an ongoing annual transfer of $15 million from the General Fund to the Dirigo Health Enterprise Fund for the purpose of providing subsidies to eligible individuals and employees enrolled in Dirigo Health Program coverage. | |||||||||
| Assumes any additional costs to the Dirigo Health Program from the other changes made in the bill can be absorbed by the program utilizing existing resources of the Dirigo Health Enterprise Fund. Further assumes any additional costs to the Bureau of Insurance in the Department of Professional and Financial Regulation can be absorbed by the Bureau utilizing existing budgetary resources. | |||||||||