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MI SB0638
Bill
Status
Engrossed
6/26/2024
Primary Sponsor
Veronica Klinefelt
Click for details
AI Summary
- Removes the requirement that Section 3406o (formulary requirements for health insurers) be subject to Section 3406w by striking the reference in subsection (4)
- Repeals Section 3406w of the Insurance Code of 1956 in its entirety
- Maintains existing requirements for health insurers to provide physician, dentist, and pharmacist participation in formulary development and disclose formulary restrictions
- Preserves expedited review requirements for nonformulary drug exceptions within 24 hours for exigent circumstances and 72 hours for standard requests
- Keeps insurer authority to establish prior authorization requirements and higher cost-sharing for nonformulary alternatives
Legislative Description
Insurance: health insurers; coverage for emergency refill of prescription medication for up to a 30-day supply; repeal. Amends sec. 3406o of 1956 PA 218 (MCL 500.3406o) & repeals sec. 3406w of 1956 PA 218 (MCL 500.3406w).
Insurance: health insurers
Last Action
Referred To Committee On Insurance And Financial Services
6/26/2024
Committee Referrals
Insurance And Financial Services6/26/2024
Health Policy11/1/2023
Full Bill Text
No bill text available