Bill
Bill > SB0633
MI SB0633
MI SB0633Insurance: health insurers; state-based insurance exchange; provide for. Creates new act. TIE BAR WITH: SB 0637'23
summary
Introduced
11/01/2023
11/01/2023
In Committee
06/26/2024
06/26/2024
Crossed Over
06/26/2024
06/26/2024
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
102nd Legislature
Bill Summary
A bill to provide for the establishment of a state-based health insurance exchange as a nonprofit corporation; to create the board of exchange and prescribe its powers and duties; to provide for assessments and user fees; and to provide for the powers and duties of certain state and local governmental officers and agencies.
AI Summary
This bill establishes a state-based health insurance exchange in Michigan as a nonprofit corporation. The exchange will serve as a marketplace for qualified health plans and qualified dental plans, with the goal of fostering a competitive insurance market and providing consumers with information to purchase coverage. The bill creates a 12-member board to govern the exchange, with members appointed by the governor and representing various stakeholders. The exchange will have the authority to certify qualified health plans, establish enrollment periods, and charge assessments or user fees to support its operations. The bill also creates an exchange fund within the state treasury to finance the exchange's activities. Overall, the bill aims to provide Michiganders with a state-run insurance marketplace as an alternative to the federally-administered exchange.
Committee Categories
Business and Industry, Health and Social Services
Sponsors (1)
Last Action
House Insurance and Financial Services (09:00:00 12/12/2024 Room 521, House Office Building) (on 12/12/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://legislature.mi.gov/doc.aspx?2023-SB-0633 |
| Fiscal Note/Analysis - Senate: ANALYSIS AS PASSED BY THE SENATE | https://legislature.mi.gov/documents/2023-2024/billanalysis/Senate/pdf/2023-SFA-0633-U.pdf |
| BillText | https://legislature.mi.gov/documents/2023-2024/billengrossed/Senate/htm/2023-SEBS-0633.htm |
| Fiscal Note/Analysis - Senate: SUMMARY OF BILL ON THIRD READING | https://legislature.mi.gov/documents/2023-2024/billanalysis/Senate/pdf/2023-SFA-0633-B.pdf |
| Fiscal Note/Analysis - SUMMARY OF BILL REPORTED FROM COMMITTEE | https://legislature.mi.gov/documents/2023-2024/billanalysis/Senate/pdf/2023-SFA-0633-F.pdf |
| Fiscal Note/Analysis - SUMMARY OF INTRODUCED BILL IN COMMITTEE | https://legislature.mi.gov/documents/2023-2024/billanalysis/Senate/pdf/2023-SFA-0633-G.pdf |
| BillText | http://www.legislature.mi.gov/documents/2023-2024/billintroduced/Senate/htm/2023-SIB-0633.htm |
Loading...