132nd MAINE LEGISLATURE
		LD 519		LR 1965(02)
	An Act to Remove the Requirement That Individual and Small Group Health Plans Be Offered Through a Pooled Market and to Eliminate the Provision of Law Establishing a Pooled Market for Those Plans
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Health Coverage, Insurance and Financial Services
	Fiscal Note Required: Yes
Fiscal Note
			FY 2025-26	FY 2026-27	Projections  FY 2027-28	Projections  FY 2028-29
Net Cost (Savings)
	General Fund		$0	$0	$40,000,000	$40,000,000
Appropriations/Allocations
	Other Special Revenue Funds		$0	$0	$40,000,000	$40,000,000
Transfers
	General Fund		$0	$0	($40,000,000)	($40,000,000)
	Other Special Revenue Funds		$0	$0	$40,000,000	$40,000,000
Fiscal Detail and Notes
	This bill establishes the Maine Guaranteed Access Reinsurance Sustainability Fund within the Department of Professional and Financial Regulation. The bill includes projected Other Special Revenue Funds allocations of $40,000,000 in fiscal year 2027-28 and $40,000,000 in fiscal year 2028-29 to support the operation of the reinsurance program. Funding for the fund is provided through annual transfers from the unappropriated surplus of the General Fund.