MI HB6037

Creates MI-Health Board within the office of financial and insurance regulation, consisting of 13 members including state officials and appointed representatives from actuaries, health economists, HMOs, carriers, hospitals, and advocacy groups.

Requires all carriers providing health benefit plans in Michigan to offer a "standard guaranteed issue health plan" and an "enhanced guaranteed issue health plan" with guaranteed issue to individuals regardless of health status, except for fraud, non-payment, or residence outside coverage area.

Establishes health care affordability fund financed by annual assessment fees from health care corporations equal to local and Michigan business taxes they would owe, with fund revenue used to subsidize plans for individuals earning up to 300% of federal poverty level.

Permits standard and enhanced guaranteed issue health plans to waive certain mandated coverage requirements (sections 3406a-3616a) if the MI-Health Board determines real cost savings will be achieved and affordability maximized.

Increases minimum substance abuse coverage from $2,968 to $3,774 annually per individual in health maintenance organization basic health services, adjusted yearly by Consumer Price Index.