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123rd MAINE LEGISLATURE |
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LD 1760 |
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LR 565(05) |
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An Act To Restore
Competition to Maine's Health Insurance Market |
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Fiscal Note for
House Amendment " " to
Committee Amendment "A" |
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Sponsor: Rep. Pilon of Saco |
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Fiscal Note Required: Yes |
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Fiscal Note |
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2007-08 |
2008-09 |
Projections 2009-10 |
Projections 2010-11 |
Net Cost
(Savings) |
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General Fund |
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$0 |
($135,781) |
($1,227,525) |
($1,424,540) |
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Appropriations/Allocations |
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Other Special Revenue Funds |
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$0 |
$0 |
($16,022,197) |
($16,823,307) |
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Revenue |
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General Fund |
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$0 |
$135,781 |
$1,227,525 |
$1,424,540 |
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Other Special Revenue Funds |
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$0 |
$7,297 |
($15,954,864) |
($16,745,168) |
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Fiscal Detail
and Notes |
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The amendment
modifies the funding mechanism for the Maine Individual High-risk Reinsurance
Pool Association by removing the health maintenance organization assessment
of 2% of gross direct premiums and replacing it with an assessment on
Association member insurers with a maximum assessment of $2 per covered
person. Because this assessment would
be assessed and collected by the Association, a non-profit legal entity,
there is no direct fiscal impact on State programs or accounts. The fiscal
note reflects the incremental difference from eliminating the HMO tax. |
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