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MI SB0484

MI SB0484
Insurance: health insurers; compliance with the prescription drug cost and affordability review act; require. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 3406z. TIE BAR WITH: SB 0483'23


summary

Introduced
09/12/2023
In Committee
10/04/2023
Crossed Over
10/04/2023
Passed
Dead
12/31/2024

Introduced Session

102nd Legislature

Bill Summary

A bill to amend 1956 PA 218, entitled"The insurance code of 1956,"(MCL 500.100 to 500.8302) by adding section 3406z.

AI Summary

This bill requires health insurers that provide prescription drug coverage in Michigan to comply with the Prescription Drug Cost and Affordability Review Act. The bill amends the Insurance Code of 1956 by adding a new section, Section 3406z, which mandates that these health insurers adhere to the requirements set forth in the Prescription Drug Cost and Affordability Review Act. The bill is tied to the passage of Senate Bill 483 of the 102nd Legislature, meaning it will only take effect if that related legislation is also enacted into law.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (18)

Last Action

Referred To Committee On Insurance And Financial Services (on 10/04/2023)

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