Loading chat...

MI HB4015

Bill

Official Source

Status

Introduced

1/12/2023

Primary Sponsor

Jennifer Conlin

Click for details

Origin

House of Representatives

102nd Legislature

AI Summary

  • Caps the total out-of-pocket cost for insured individuals at $50.00 for each 30-day supply of prescription insulin drugs for health insurance policies that provide such coverage
  • Applies to all health insurers delivering, issuing, or renewing health insurance policies in Michigan that cover prescription insulin
  • Does not prevent insurers from reducing the insured's cost-sharing by an amount greater than $50.00
  • Becomes effective 90 days after the bill is enacted into law for health insurance policies delivered, executed, issued, amended, adjusted, or renewed in Michigan or outside the state if covering Michigan residents

Legislative Description

Insurance: health insurers; limit amount on co-pay for prescription insulin; provide for. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 3406z.

Insurance: health insurers

Last Action

Referred To Second Reading

5/23/2024

Committee Referrals

Insurance And Financial Services1/12/2023

Full Bill Text

No bill text available