A November 2024 report from the Maine Center for Economic Policy found that, based on current demographics and insurance coverage, the cost of such a program would roughly equal the amount Mainers spend now, between $17.8 and $19.3 billion.
Testifying on behalf of the plan, James Myall, a policy analyst for MECEP who authored the report, said that, unlike the current system, the cost of a universal system could be offset by other revenue streams, such as federal grants or increasing taxes on the wealthiest Mainers.