| 123rd MAINE LEGISLATURE | ||||||
| LD 959 | LR 547(01) | |||||
| An Act To Require Insurers To Use Savings from Dirigo Health To Reduce Premiums | ||||||
| Fiscal Note for Original Bill | ||||||
| Sponsor: Rep. Holman of Fayette | ||||||
| Committee: Insurance and Financial Services | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| Current biennium revenue decrease - Other Funds Minor cost increase - Other Funds |
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| Fiscal Detail and Notes | ||||||
| Limiting the amount of the savings offset payment (SOP) to 75% of the aggregate measurable cost savings as determined by the Board of Directors of Dirigo Health may result in a reduction in revenue available to the Dirigo Health program. Based on the $34.3 million savings offset payment approved for assessment beginning July 1, 2007, the reduction in revenue could be $8.6 million. The fiscal note also assumes the additional cost of adopting rules as required in the bill can be absorbed by the Dirigo Health program utilizing existing budget resources. | ||||||