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121st Maine Legislature |
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Office of Fiscal and Program Review |
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LD 1181 |
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An Act
To Provide Fair Hearings in Health Insurance Rate Proceedings |
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LR 1341(01) |
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Fiscal Note for Original Bill |
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Sponsor: Sen. Treat of Kennebec |
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Committee: Insurance and Financial Services |
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Fiscal Note Required: Yes |
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Fiscal Note |
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Projections |
Projections |
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2003-04 |
2004-05 |
2005-06 |
2006-07 |
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Appropriations/Allocations |
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Other Special Revenue Funds |
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$564,269
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$746,833
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$776,706
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$807,775 |
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Revenue |
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Other Special Revenue Funds |
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$564,269 |
$746,833 |
$776,706 |
$807,775
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Fiscal Detail
and Notes |
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Assumes
300 such filings will result under this bill. Assumes the need for 2 contracted hearings officers and 7
additional positions in the Bureau of Insurance; including a supervisory
actuary and two actuarial assistants to produce the written actuarial
analyses, and two advocacy panels each consisting of an attorney and an
actuarial assistant separate from the staff completing the analysis. In addition to the contract costs of the
hearings officers, the fiscal note also assumes "all other" costs
for rent, computers, equipment, etc.
The Bureau may also need to generate additional revenue under its
assessment authority to cover these additional costs. The fiscal note assumes a 10/1/03
effective date. |
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