| 123rd MAINE LEGISLATURE | ||||||
| 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) | ||
| Appropriations/Allocations | ||||||
| Other Special Revenue Funds | $0 | $0 | ($16,022,197) | ($16,823,307) | ||
| Revenue | ||||||
| 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. | ||||||