MI SB0913

Levies a 1% assessment on paid health insurance claims for carriers and third party administrators for dates of service from January 1, 2012 through June 30, 2014

Reduces the assessment rate to 0.75% for dates of service from July 1, 2014 through December 31, 2017, with potential increase back to 1.0% if federal reimbursement for use tax revenues on Medicaid managed care organizations is denied

Establishes a $10,000 annual cap per insured individual or covered life on the assessment amount

Provides for proportional credits to carriers and third party administrators if total collections exceed $400,000,000 (adjusted annually for medical inflation), with the credit mechanism changing after July 1, 2014 to include use tax revenues up to a $450,000,000 cap

Effective June 11, 2014, contingent on enactment of Senate Bill 893