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

April 23, 2025

Reported without amendment

April 24, 2025

Referred to the Committee of the Whole

Reported without amendment

Passed in the Senate 20 to 15 (details)

Received in the House

April 24, 2025

Referred to the Committee on Government Operations