123rd MAINE LEGISLATURE
LD 658 LR 2115(02)
An Act To Protect the Health of Infants
Fiscal Note for Bill as Amended by Committee Amendment "   "
Committee: Insurance and Financial Services
Fiscal Note Required: Yes
             
Fiscal Note
2007-08 2008-09 Projections 2009-10 Projections 2010-11
Net Cost (Savings)
General Fund $0 $36,810 $38,651 $40,583
Highway Fund $0 $14,220 $14,931 $15,678
Appropriations/Allocations
General Fund $0 $36,810 $38,651 $40,583
Highway Fund $0 $14,220 $14,931 $15,678
Fiscal Detail and Notes
Adding coverage for medically necessary amino acid-based elemental infant formulas will increase premium costs effective with the contract year beginning July 1, 2008.  The additional employer costs across all funds to the state employee health insurance program is estimated to be approximately $90,000 for fiscal year 2008-09.
A General Fund appropriation of $36,810 and a Highway Fund allocation of $14,220 are included for the salary plan reserve accounts to fund increases for General Fund and Highway Fund employees.  The costs for employees paid by other funds, including a small amount for the Fund for a Healthy Maine, may require increased allotments as recommended by the State Budget Officer and approved by the Governor.
Any additional costs to the Bureau of Insurance in the Department of Professional and Financial Regulation in implementing this legislation can be absorbed by the bureau within existing budget resources. This fiscal note does not reflect the additional costs to the private health insurance market.