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MI HB5284

MI HB5284
Insurance: other; allocation of revenue under the insurance provider assessment act; modify. Amends sec. 13 of 2018 PA 175 (MCL 550.1763). TIE BAR WITH: HB 5283'23


summary

Introduced
10/26/2023
In Committee
12/18/2024
Crossed Over
12/12/2024
Passed
Dead
12/31/2024

Introduced Session

102nd Legislature

Bill Summary

A bill to amend 2018 PA 175, entitled"Insurance provider assessment act,"by amending section 13 (MCL 550.1763).

AI Summary

This bill amends the Insurance Provider Assessment Act by modifying the allocation of revenue from the Insurance Provider Fund. The key provisions are: 1. The Insurance Provider Fund must be used to pay actuarially sound capitation rates to Medicaid managed care organizations, administrative and compliance costs, and allocate $6 million in FY 2025, $7 million in FY 2026, and $8 million annually starting in FY 2027 (with annual adjustments based on the Consumer Price Index) to a health data utility. The remaining balance in the fund can be appropriated by the legislature. 2. The bill specifies that this amendatory act will only take effect if House Bill No. 5283 of the 102nd Legislature is also enacted into law, indicating a tie-bar between the two bills.

Committee Categories

Government Affairs, Health and Social Services

Sponsors (19)

Last Action

Referred To Committee On Government Operations (on 12/18/2024)

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