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129th MAINE LEGISLATURE |
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LD 2007 |
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LR 3131(03) |
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An Act To Enact
the Made for Maine Health Coverage Act and Improve Health Choices in Maine |
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Fiscal Note for
Bill as Engrossed with:
C "A" (H-765) |
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Committee: Health Coverage, Insurance and
Financial Services |
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| Fiscal Note |
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FY 2019-20 |
FY 2020-21 |
Projections FY 2021-22 |
Projections FY 2022-23 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$0 |
$957,758 |
$6,290,574 |
$11,151,125 |
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| Revenue |
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Other Special Revenue Funds |
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$0 |
$933,585 |
$6,535,096 |
$11,203,021 |
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| Transfers |
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Other Special Revenue Funds |
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$0 |
$0 |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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The bill
establishes the Maine Health Insurance Marketplace and creates the Maine
Health Insurance Marketplace Trust Fund for the deposit of any funds
generated for the marketplace. The bill includes Other Special Revenue Funds
allocations to the Department of Health and Human Services of $908,122 in
fiscal year 2020-21 for multiple contracts and to establish 6 positions to
create and handle the on-going operations of the Maine Health Insurance
Marketplace. The revenue generated for the new Maine Health Insurance
Marketplace Trust Fund comes from user fees paid monthly by the carriers on
the marketplace. |
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The bill also
includes an Other Special Revenue Funds allocation to the Department of
Professional and Financial Regulation, Bureau of Insurance, of $49,636 in
fiscal year 2020-21 to establish one part-time Insurance Actuarial Assistant
position and all other costs to handle the new requirements in this
bill. |
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Any additional
costs to the Legislature, the Treasurer's Office, the Department of
Administrative and Financial Services and the Maine Health Data Organization
are expected to be minor and can be absorbed within existing budgeted
resources. |
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