| 123rd MAINE LEGISLATURE | ||||||
| LD 1047 | LR 677(02) | |||||
| An Act To Lower the Cost of Health Insurance | ||||||
| Fiscal Note for Bill as Amended by Committee Amendment " " | ||||||
| Committee: Insurance and Financial Services | ||||||
| Fiscal Note Required: Yes | ||||||
| Fiscal Note | ||||||
| Future biennium cost increase - General Fund | ||||||
| 2007-08 | 2008-09 | Projections 2009-10 | Projections 2010-11 | |||
| Appropriations/Allocations | ||||||
| Other Special Revenue Funds | $0 | ($207,479) | ($229,500) | ($236,790) | ||
| Revenue | ||||||
| Other Special Revenue Funds | $0 | ($198,000) | ($198,000) | ($198,000) | ||
| Fiscal Detail and Notes | ||||||
| The bill's elimination of the certificate of need program could result in increased costs to the MaineCare program as a result of increased provider service capacity. | ||||||
| Includes a deallocation of funds and eliminates two positions in the Office of Licensing and Regulatory Services in the Department of Health and Human Services responsible for administering the certificate of need (CON) provisions. The elimination of the certificate of need provisions will also result in a reduction in Other Special Revenue Funds revenue of approximately $198,000 per year. | ||||||
| Also includes a deallocation of funds and eliminates one half-time Insurance Actuarial Assistant position and related costs in the Bureau of Insurance no longer necessary as a result of repealing the certificate of need provisions. Provides an allocation of funds to the Bureau of Insurance on a one-time basis for the costs of contracting with another entity to prepare a grant application. | ||||||