Feb. 28, 2013(Key vote)
Title: Authorizes the Merger of Health Care Corporations With Nonprofit Insurers
Vote Smart's Synopsis:
Vote to pass a bill that authorizes health care corporation to merge with a nonprofit mutual disability insurer and establishes the Michigan Health Endowment Fund for the public welfare.
Authorizes a health care corporation to merge with a nonprofit mutual disability insurer, resulting in the nonprofit mutual disability insurer as the surviving entity (Sec. 220).
Specifies that a merged nonprofit mutual disability insurer is not exempt from taxation (Sec. 220).
Authorizes the creation of a charitable nonprofit corporation, entitled the Michigan Health Endowment Fund, to receive and administer a fund for the public welfare, including efforts for infant mortality, wellness programs, access to healthy food, and technology enhancements (Sec. 653).
Requires the Michigan Health Endowment Fund to disburse $120 million over 8 years to subsidize the cost of individual Medigap coverage (Sec. 653).
Requires a merged nonprofit mutual disability insurer to "use its best efforts" to make annual contributions to the Michigan Health Endowment Fund in an amount of up to $1.56 billion over a period of up to 18 years, beginning in April 2014 (Sec. 220).
Requires all health care corporations in Michigan to offer health care benefits to all residents regardless of health status until January 1, 2014 (Sec. 401).
Requires health care providers to do the following actions before discontinuing any plan or product (Sec. 401):
Provide notice to the Office of Financial and Insurance Regulation commissioner; and
Offer covered individuals the option to purchase any other plan or product without excluding coverage for a pre-existing condition or providing a waiting period.