LD 120 LR 380(01)
An Act To Lower Health Care Costs through the Establishment of the Office of Affordable Health Care
Preliminary Fiscal Impact Statement for Original Bill
Sponsor: Pres. Jackson of Aroostook
Committee: Health Coverage, Insurance and Financial Services
Fiscal Note Required: Yes
Preliminary Fiscal Impact Statement
FY 2021-22 FY 2022-23 Projections  FY 2023-24 Projections  FY 2024-25
Net Cost (Savings)
General Fund $283,217 $366,272 $377,129 $388,333
General Fund $283,217 $366,272 $377,129 $388,333
Fiscal Detail and Notes
This bill would require appropriations of $283,217 in 2021-22 and $366,272 in 2022-23 to establish and provide funding for the costs of one Director position, one Legislative Analyst position and one Administrative Secretary position within the new Office of Affordable Health Care beginning October 1, 2021. The fiscal estimate assumes the new Office of Affordable Health Care will be located in State-owned space and will not incur rental costs.  In addition to covering startup costs in the first year, as well as ongoing costs for the Office, the fiscal estimate assumes $20,000 per year for the Director to contract with individuals or entities as indicated in Sec. 1, sub-section 6.
Any additional costs to the Department of Health and Human Services and the Department of Administrative and Financial Services to serve on the Advisory Council are expected to be minor and can be absorbed within existing budgeted resources.