125th MAINE LEGISLATURE
LD 1582 LR 2186(01)
Resolve, Creating the Advisory Committee on Maine's Health Insurance Exchange
Fiscal Note for Original Bill
Committee: Insurance and Financial Services
Fiscal Note Required: Yes
             
Preliminary Fiscal Impact Statement
Legislative Cost/Study
Minor cost increase - General Fund
Minor cost increase - Other Special Revenue Funds
Minor cost increase - Federal Expenditure Funds
Legislative Cost/Study
The costs for the 3 interim committee meetings required in this resolve are projected to be $4,875 in fiscal year 2011-12.  The Legislature's proposed budget includes $10,000 in fiscal year 2011-12 for legislative studies.  Whether the amount is sufficient to fund all studies will depend on the number of studies authorized by the Legislative Council and the Legislature.
Fiscal Detail and Notes
The additional costs to the Department of Health and Human Services, the Department of Administrative and Financial Services, and the Bureau of Insurance in the Department of Professional and Financial Regulation can be absorbed utilizing existing budgeted resources.  Additional costs to the Dirigo Health Agency can be absorbed within existing federal grant funds from State Planning and Establishment Grants for the Affordable Care Act's Exchanges.