HP0347
LD 431
First Regular Session - 123rd Legislature - Text: MS-Word, RTF or PDF LR 356
Item 4
Bill Tracking Chamber Status

Amend the bill in section 11 in §6981 in subsection 5 by inserting after paragraph C the following:

D The self-administered plan may not obligate the General Fund beyond that amount appropriated by the Legislature.

summary

This amendment clarifies that the Dirigo Health self-administered plan may not expend general funds beyond any general funds appropriated to it by the Legislature. This amendment augments the fiscal protections within the bill, which provides that the plan will purchase excess or stop loss insurance and reinsurance, will be subject to actuarial and Bureau of Insurance review and is subject to an annual audit. In the event costs of the plan exceed the budget, the plan will close enrollment.


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