LD 1760 LR 565(05)
An Act To Restore Competition to Maine's Health Insurance Market
Fiscal Note for House Amendment "     " to Committee Amendment "A"
Sponsor: Rep. Pilon of Saco
Fiscal Note Required: Yes
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
General Fund $0 ($135,781) ($1,227,525) ($1,424,540)
Other Special Revenue Funds $0 $0 ($16,022,197) ($16,823,307)
General Fund $0 $135,781 $1,227,525 $1,424,540
Other Special Revenue Funds $0 $7,297 ($15,954,864) ($16,745,168)
Fiscal Detail and Notes
The amendment modifies the funding mechanism for the Maine Individual High-risk Reinsurance Pool Association by removing the health maintenance organization assessment of 2% of gross direct premiums and replacing it with an assessment on Association member insurers with a maximum assessment of $2 per covered person.  Because this assessment would be assessed and collected by the Association, a non-profit legal entity, there is no direct fiscal impact on State programs or accounts. The fiscal note reflects the incremental difference from eliminating the HMO tax.