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MI SB1266
Bill
Status
12/6/2018
Primary Sponsor
Michael Shirkey
Click for details
AI Summary
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Amends the Insurance Provider Assessment Act (2018 PA 175) to modify how collected revenue is allocated and used.
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Directs the first $14,000,000 annually to Medicaid managed care organizations for actuarially sound capitation rates, beginning in fiscal year 2018-2019.
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Allocates up to $315,000,000 in fiscal year 2018-2019 and $240,000,000 in fiscal year 2019-2020 to offset revenue losses from the Health Insurance Claims Assessment Act (2011 PA 142).
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Establishes an annual appropriation not to exceed $45,000,000 starting in fiscal year 2018-2019 to the Environmental Protection Fund under the Natural Resources and Environmental Protection Act.
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Requires any remaining fund balance after specified appropriations to be transferred to a restricted account within the insurance provider fund for use only as appropriated by the legislature.
Legislative Description
State agencies (existing); treasury; earmark of revenue collected under insurance provider assessment act for the environmental protection fund; create. Amends sec. 13 of 2018 PA 175 (MCL 550.1763).
State agencies (existing): treasury
Last Action
Referred To Committee On Government Operations
12/6/2018