122nd MAINE LEGISLATURE
LD 1845 LR 2927(09)
An Act To Increase Access to Health Insurance Products
Fiscal Note for House Amendment "   " to Committee Amendment "   "
Sponsor: Rep. Glynn
Fiscal Note Required: Yes
   
             
Fiscal Note
Projections Projections
2005-06 2006-07 2007-08 2008-09
Net Cost (Savings)
General Fund $0 $10,488,165 $11,678,000 $12,396,000
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 ($2,700,000) ($2,700,000) ($2,700,000)
Other Special Revenue Funds $0 ($7,788,165) ($8,978,000) ($9,696,000)
Other Funds $0 $10,488,165 $11,678,000 $12,396,000
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 $2.7 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.