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Ch. 175
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2007 Laws of Maryland
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(iv) in fiscal year 2008:
1. $35,000,000 to the Rate Stabilization Account to pay
for health care provider rate reductions, credits, or refunds in calendar year 2007; and
2. $65,000,000 to the Medical Assistance Program
Account;
(v) in fiscal year 2009:
1. $25,000,000 to the Rate Stabilization Account to pay
for health care provider rate reductions, credits, or refunds in calendar year 2008; and
2. the remaining revenue to the Medical Assistance
Program Account; and
(vi) in fiscal year 2010 and annually thereafter, 100% to the
Medical Assistance Program Account.
(c) (1) Any revenue remaining in the Fund after fiscal year 2005 shall
remain in the Fund until otherwise directed by law.
(2) If in any fiscal year the allocations made under this section exceed
the revenues estimated for that year, amounts available in the unallocated balance of
the Fund may be substituted to the extent of a Fund deficit.
(d) (1) If a medical professional liability insurer provides coverage to a
health care provider and that insurer did not earn premiums in the previous calendar
year in the State, that insurer shall be allocated 5% of the balance of the Rate
Stabilization Account or a lesser amount as determined by the Commissioner.
(2) If an allocation is made under paragraph (1) of this subsection, the
funds available to other medical professional liability insurers shall be reduced on a
pro rata basis.
19-804.
(a) The order of preference for distribution from the Fund shall be as follows:
(1) disbursements from the Rate Stabilization Account to subsidize
health care provider rates under § 19-805 of this subtitle;
(2) disbursements from the Medical Assistance Program Account
sufficient to:
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- 1374 -
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