123rd MAINE LEGISLATURE
LD 1294 LR 1955(02)
An Act To Establish a Health Care Bill of Rights
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
Appropriations/Allocations
Other Special Revenue Funds $48,760 $62,861 $65,174 $67,615
Fiscal Detail and Notes
The Bureau of Insurance in the Department of Professional and Financial Regulation will require an Other Special Revenue Funds allocation of  $48,760 in 2007-08 and $62,861 in 2008-09 for the costs of a half-time insurance actuarial assistant and other administrative costs resulting from the additional rate increase filings required under the bill, including the costs of completing reviews of the filings and assisting in any hearings. The Bureau of Insurance believes it can fund these additional costs within existing budgetary resources but should this not be the case, the bureau has assessment authority under existing law to support the costs of the bureau.
The fiscal note also assumes the additional costs associated with this legislation can be absorbed by the Department of the Attorney General utilizing existing budgeted resources.