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Key Votes

SB 348 - 1 Percent Tax on Paid Health Insurance Claims - Key Vote

Michigan Key Votes

Rick Snyder signed this Legislation.

Read statements Rick Snyder made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Signed (Executive) -

Title: 1 Percent Tax on Paid Health Insurance Claims

Legislation - Concurrence Vote Passed (Senate) (31-7) - (Key vote)

Title: 1 Percent Tax on Paid Health Insurance Claims

Vote Smart's Synopsis:

Vote to concur with House amendments and pass a bill that requires insurance carriers to pay a 1 percent tax on all paid health care claims, effective January 1, 2012.

Highlights:
  • Establishes a 1 percent tax on all claims paid by health insurance carriers and third party administrators beginning January 1, 2012 (Sec. 3).
  • Limits the assessment of taxes on paid claims to $10,000 per insured individual or covered life annually (Sec. 3).
  • Establishes a health insurance claims assessment fund into which the collected tax revenue will be deposited, and requires money from the fund to be used to finance the expenditures of Medicaid managed care organizations (Sec. 7).
  • This act is repealed on January 1, 2014 (Sec. 11).
Note:

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Legislation - Bill Passed With Amendment (House) (65-42) - (Key vote)

Title: 1 Percent Tax on Paid Health Insurance Claims

Vote Smart's Synopsis:

Vote to pass a bill that requires insurance carriers to pay a 1 percent tax on all paid health care claims, effective January 1, 2012.

Highlights:
  • Establishes a 1 percent tax on all claims paid by health insurance carriers and third party administrators beginning January 1, 2012 (Sec. 3).
  • Limits the assessment of taxes on paid claims to $10,000 per insured individual or covered life annually (Sec. 3).
  • Establishes a health insurance claims assessment fund into which the collected tax revenue will be deposited, and requires money from the fund to be used to finance the expenditures of Medicaid managed care organizations (Sec. 7).
  • This act is repealed on January 1, 2014 (Sec. 11).
Note:

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Legislation - Bill Passed (Senate) (26-9) -
Note:

NOTE: THIS IS A SUBSTITUTE BILL, MEANING THE LANGUAGE OF THE ORIGINAL BILL HAS BEEN REPLACED. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

Legislation - Introduced (Senate) -

Title: 1 Percent Tax on Paid Health Insurance Claims

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