Bill Text: MI HB5284 | 2023-2024 | 102nd Legislature | Introduced
Bill Title: Insurance: other; allocation of revenue under the insurance provider assessment act; modify. Amends sec. 13 of 2018 PA 175 (MCL 550.1763). TIE BAR WITH: HB 5283'23
Spectrum: Slight Partisan Bill (Democrat 14-5)
Status: (Introduced) 2023-10-31 - Bill Electronically Reproduced 10/26/2023 [HB5284 Detail]
Download: Michigan-2023-HB5284-Introduced.html
HOUSE BILL NO. 5284
A bill to amend 2018 PA 175, entitled
"Insurance provider assessment act,"
by amending section 13 (MCL 550.1763).
the people of the state of michigan enact:
Sec. 13. (1) All money received and collected under this act shall must be deposited by the department in the insurance provider fund established in this section.
(2) The insurance provider fund is created within the state treasury and shall must be administered by the department for auditing purposes.
(3) The state treasurer may receive money or other assets from any source for deposit into the fund. The state treasurer shall direct the investment of the fund. The state treasurer shall credit to the fund interest and earnings from fund investments.
(4) The department shall expend money from the fund, upon on appropriation, only for 1 or more of the following purposes:
(a) Beginning in the 2018-2019 state fiscal year ending September 30, 2019, the first $14,000,000.00 to be appropriated for the payment of actuarially sound capitation rates to Medicaid managed care organizations, and each state fiscal year thereafter, the amount necessary to continue to support the payment of actuarially sound capitation rates to Medicaid managed care organizations.
(b) For the 2018-2019 state fiscal year, to appropriate an amount not to exceed $315,000,000.00 to offset the net revenue lost under the health insurance claims assessment act, 2011 PA 142, MCL 550.1731 to 550.1741.
(c) For the 2019-2020 state fiscal year, to appropriate an amount not to exceed $240,000,000.00 to offset the net revenue lost under the health insurance claims assessment act, 2001 PA 142, MCL 550.1731 to 550.1741.
(b) (d) To pay administrative and compliance costs in accordance with section 15.
(c) Beginning in the state fiscal year ending September 30, 2024, and each state fiscal year thereafter, to appropriate an amount not to exceed 0.5% of the money received from assessments levied under this act in the state fiscal year ending September 30, 2024 to the department of health and human services for administration and compliance of the health information exchange designated under section 2505 of the public health code, 1978 PA 368, MCL 333.2505.
(d) Beginning in the state fiscal year ending September 30, 2025, $10,000,000.00, and an additional 3% each state fiscal year thereafter, to be appropriated for the operations of the health information exchange designated under section 2505 of the public health code, 1978 PA 368, MCL 333.2505.
(e) (e) The balance of the fund remaining after the appropriations described in subdivisions (a) , (b), (c), and to (d), shall must be transferred to a separate restricted account within the insurance provider fund and only used only as appropriated by the legislature.
(5) Money in the fund at the close of the fiscal year shall must remain in the fund and shall must not lapse to the general fund.
Enacting section 1. This amendatory act does not take effect unless Senate Bill No.____ or House Bill No. 5283 (request no. 03087'23) of the 102nd Legislature is enacted into law.
