122nd MAINE LEGISLATURE
		LD 1935		LR 2809(02)
	An Act To Protect Health Insurance Consumers
	Fiscal Note for Bill as Amended by Committee Amendment "   "
	Committee: Insurance and Financial Services
	Fiscal Note Required: Yes
	Majority Report
Fiscal Note
Current Costs - Legislative Study
					Projections	Projections
			2005-06	2006-07	2007-08	2008-09
Net Cost (Savings)
	General Fund		$0	$6,130	$0	$0
Appropriations/Allocations
	General Fund		$0	$6,130	$0	$0
	Other Special Revenue Funds		$0	$500	$0	$0
	Other Funds		$0	($12,900,000)	$0	$0
Revenue
	Other Funds		$0	($20,700,000)	$0	$0
Legislative Study
	The projected costs to fund the general operating expenses of the Blue Ribbon Commission on the Long-term Funding of the Dirigo Health Program are $6,130 in fiscal year 2006-07.  Since the Legislature's budget includes $20,000 in fiscal year 2006-07 for legislative studies and the Council has already committed this amount, a General Fund appropriation to the Legislature of $6,130 in fiscal year 2006-07 for this study has been included in this amendment.  There is also a base allocation of $500 in fiscal year 2006-07 in the event that outside funding is received to support the work of the commission.
Fiscal Detail and Notes
	Assumes the bill's decrease in the 2006 savings offset payment (SOP) would reduce Dirigo Health Program revenue by $20,700,000 for fiscal year 2006-07.  Includes a FY 2006-07 deallocation of $12.9 million to be achieved by savings of $1.9 million in Dirigo Health Agency administrative costs and an $11.0 million reduction in contracted Dirigo Health Program experience modification payments.  While these deallocations do not fully offset the reduction in revenue, the program does have existing authority to keep program spending within available resources.  Any additional costs to the Bureau of Insurance in the Department of Professional and Financial Regulation resulting from the bill can be absorbed by the Bureau utilizing existing budgetary resources.