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Bill > SB0004
MI SB0004
MI SB0004Insurance: 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. 3406tt. TIE BAR WITH: SB 0003'25
summary
Introduced
01/08/2025
01/08/2025
In Committee
04/24/2025
04/24/2025
Crossed Over
04/24/2025
04/24/2025
Passed
Dead
Introduced Session
103rd 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 3406tt.
AI Summary
This bill amends the Michigan Insurance Code to require health insurers to comply with section 12 of the Prescription Drug Cost and Affordability Review Act when delivering, issuing, or renewing health insurance policies that provide prescription drug coverage. The bill is tied to another piece of legislation (Senate Bill 3) and will only take effect if that companion bill becomes law. While the specific details of section 12 are not provided in this excerpt, the bill appears to be part of a broader effort to regulate and potentially control prescription drug costs by mandating that health insurers follow certain guidelines or review processes outlined in the referenced act. The legislation applies to health insurance policies in the state of Michigan and seems designed to introduce additional oversight or transparency into prescription drug pricing and coverage.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (3)
Last Action
Referred To Committee On Government Operations (on 04/24/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://legislature.mi.gov/Bills/Bill?ObjectName=2025-SB-0004 |
| Fiscal Note/Analysis - Senate: ANALYSIS AS PASSED BY THE SENATE | https://legislature.mi.gov/documents/2025-2026/billanalysis/Senate/pdf/2025-SFA-0003-U.pdf |
| Fiscal Note/Analysis - Senate: SUMMARY AS PASSED BY THE SENATE | https://legislature.mi.gov/documents/2025-2026/billanalysis/Senate/pdf/2025-SFA-0003-C.pdf |
| BillText | https://legislature.mi.gov/documents/2025-2026/billengrossed/Senate/htm/2025-SEBS-0004.htm |
| Fiscal Note/Analysis - Senate: SUMMARY OF BILL REPORTED FROM COMMITTEE | https://legislature.mi.gov/documents/2025-2026/billanalysis/Senate/pdf/2025-SFA-0003-F.pdf |
| Fiscal Note/Analysis - Senate: SUMMARY OF INTRODUCED BILL IN COMMITTEE | https://legislature.mi.gov/documents/2025-2026/billanalysis/Senate/pdf/2025-SFA-0003-G.pdf |
| BillText | https://legislature.mi.gov/documents/2025-2026/billintroduced/Senate/htm/2025-SIB-0004.htm |
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