Sec. A-11. 24-A MRSA §6913, sub-§§2 and 3, as enacted by PL 2003, c. 469, Pt. A, §8, are repealed and the following enacted in their place:

2.__Determination of savings offset amount. The board shall determine annually a savings offset amount to be paid by health insurance carriers, employee benefit excess insurance carriers and 3rd-party administrators, not including carriers and 3rd- party administrators with respect to accidental injury, specified disease, hospital indemnity, dental, vision, disability income, long-term care, Medicare supplement or other limited benefit health insurance.__The board shall determine the savings offset amount in accordance with the following:

A. Not later than April of each year, the board shall prospectively determine the savings offset amount to be applied during each 12-month calendar year period;

B. To determine the savings offset amount, the board shall use the criteria and reports described in subsections 7 and 8;

C. The savings offset amount must reflect and may not exceed aggregate measurable cost savings, as determined by the board pursuant to subsection 1; and

D. The savings offset amount calculation is limited to the amount of funds necessary to provide subsidies pursuant to section 6912 and to support the Maine Quality Forum established in section 6951 and may not include general administrative expenses of Dirigo Health, except for general administrative expenses of the Maine Quality Forum.

The savings offset amount determined by the board in accordance with this subsection is the determining factor for inclusion of savings offset payments in premiums through rate setting review by the bureau.

3. Savings offset payments required from health insurance carriers, 3rd-party administrators and employee benefit excess