LD 2627, Page 3 - 119th Legislature, SECOND REGULAR Session

	8.__Reporting.__The Superintendent of Insurance and the
Commissioner of Human Services may require periodic reporting by
the Mount Desert Island Community Health Plan or its successor
organization as to activities, operations and financial
performance of the project.__The Superintendent of Insurance and
the Commissioner of Human Services shall report annually to the
joint standing committee of the Legislature having jurisdiction
over banking and insurance matters with a final report by April
30, 2004 on the information gathered through the project,
including, but not limited to, financial feasibility, premium
structure, benefit design, health quality measures and
recommendations for further study.

9.__Repeal.__This section is repealed May 31, 2004.

Sec. 2. Appropriation. The following funds are appropriated from the
General Fund to carry out the purposes of this Act.

2000-01

PROFESSIONAL AND FINANCIAL

REGULATION, DEPARTMENT OF

Bureau of Insurance

All Other $1,500,000

Provides funds for the Community Health Plan
Demonstration Project Guaranty Fund to cover
potential losses of the Community Health Plan
Demonstration Project incurred by the target
risk pool during the defined 3-year benefit
period. These funds may not lapse but must be
carried forward for the purposes identified.
After final reconciliation of claims at the
end of the 3-year benefit period, any
unexpended funds of the Community Health Plan
Demonstration Project Guaranty Fund must lapse
to the General Fund.

SUMMARY

This bill creates a Community Health Plan Demonstration
Project to be implemented by the Mount Desert Island Community
Health Plan with oversight from the Superintendent of Insurance
and the Department of Human Services. The target population of
the project is small employers and self-insured employers. The
purpose of the project is to determine the economic viability and
health care quality associated with a community-based health plan

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