2024 House Bill 5825

Insurance: health insurers; issuing rebates to an insured if the insured does not meet medical loss ratio; require.

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

AI Analysis – Experimental

House Bill No. 5825 seeks to amend the Michigan Insurance Code of 1956 to require health insurers in Michigan to issue rebates to their policyholders if the insurers fail to meet the medical loss ratio standards mandated by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010.

Introduced in the House

June 18, 2024

Introduced by Rep. Julie Rogers (D-41) and 24 co-sponsors

Co-sponsored by Reps. John Roth (R-104), Felicia Brabec (D-33), Matt Koleszar (D-22), Julie Brixie (D-73), Veronica Paiz (D-11), Kimberly Edwards (D-12), Matt Bierlein (R-97), Donavan McKinney (D-14), Jenn Hill (D-109), Mike McFall (D-8), Mai Xiong (D-13), Jim Haadsma (D-44), Carrie Rheingans (D-47), Kara Hope (D-74), Samantha Steckloff (D-19), Penelope Tsernoglou (D-75), John Fitzgerald (D-83), Rachel Hood (D-81), Natalie Price (D-5), Pat Outman (R-91), Brenda Carter (D-53), Noah Arbit (D-20), Helena Scott (D-7) and Abraham Aiyash (D-9)

Referred to the Committee on Insurance and Financial Services