Bill
SB 4
Insurance: health insurers; compliance with the prescription drug cost and affordability review act; require. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 3406tt. TIE BAR WITH: SB 0003'25
2025-2026 Regular Session
Introduced by Stephanie Chang and 2 co-sponsors
Michigan requires health insurers to comply with prescription drug cost affordability standards, potentially limiting drug prices but risking premium increases and reduced market flexibility.
referred to Committee on Government Operations