2025 Senate Bill 4

Insurance: health insurers; compliance with the prescription drug cost and affordability review act; require.

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

AI Analysis – Experimental

This legislative package (SB 3-5) establishes a board and council to review prescription drug costs in Michigan, set upper payment limits if necessary, and is funded by a dedicated state fund.

Introduced in the Senate

Jan. 8, 2025

Introduced by Sen. Veronica Klinefelt (D-11)

Referred to the Committee on Finance, Insurance, and Consumer Protection