|
|
|
|
|
|
|
|
131st MAINE LEGISLATURE |
|
|
LD 759 |
|
LR 1153(02) |
|
|
|
An Act to Reduce
Out-of-pocket Prescription Drug Expenses for Coinsurance |
|
Fiscal Note for
Bill as Amended by Committee Amendment " " |
|
Committee: Health Coverage, Insurance and
Financial Services |
|
Fiscal Note Required: Yes |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fiscal Note |
|
|
|
|
|
|
|
|
|
|
FY 2023-24 |
FY 2024-25 |
Projections FY 2025-26 |
Projections FY 2026-27 |
| Net Cost
(Savings) |
|
|
|
|
|
|
General Fund |
|
$0 |
$11,911 |
$15,821 |
$19,843 |
|
Highway Fund |
|
$0 |
$4,396 |
$5,839 |
$7,324 |
|
|
|
|
|
|
|
| Appropriations/Allocations |
|
|
|
|
|
|
General Fund |
|
$0 |
$11,911 |
$15,821 |
$19,843 |
|
Highway Fund |
|
$0 |
$4,396 |
$5,839 |
$7,324 |
|
|
|
|
|
|
|
| Fiscal Detail
and Notes |
|
|
|
|
|
|
The bill requires
the State Employee Health Plan to reduce from $3,500 to $1,500 per year the
maximum out-of-pocket limit for prescription drugs subject to coinsurance. It
is expected that the increase in the out-of-pocket limit take effect on or
after July 1, 2024. The total cost to the plan is estimated to be $26,381 in
fiscal year 2024-25. The bill includes General Fund appropriations of $11,911
in fiscal year 2024-25 and Highway Fund allocations of $4,396 in fiscal year
2024-25 to state departments and agencies that pay premiums to the health
plan to cover the increased costs for those two funds. The remaining costs of
$10,075 in fiscal year 2024-25 will be distributed across multiple funds
across state government. |
|
|
|
|
|
|
|