|
|
|
|
|
|
|
|
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. |
|
|
|
|
|
|
|