An Act To Offset Federal Cuts To Health Insurance For Certain Maine Families And Seniors

This bill establishes three dedicated state funds to mitigate the impact of potential federal cuts to health insurance and Medicaid for Maine residents. It creates a Rural Hospital Stabilization Program that provides grants to rural health care providers to cover operating costs and prevent service closures, with an initial appropriation of $50 million. Additionally, it sets up a Health Care Premium Stabilization Fund to offer state subsidies for insurance premiums if federal Affordable Care Act benefits are reduced or repealed, funded by $17.3 million. The legislation also creates a MaineCare Federal Response Fund, allocated $105 million, to supplement state Medicaid funding and support administrative changes required by new federal eligibility rules. Finally, the bill appropriates $80 million to increase reinsurance for the 2027 coverage year to help stabilize health insurance costs.