Michigan SB0004 requires health insurers to comply with the Prescription Drug Cost and Affordability Review Act.

Michigan SB0004 amends the Michigan Insurance Code to mandate that insurers offering health insurance with prescription drug coverage in the state must adhere to the requirements outlined in section 12 of the Prescription Drug Cost and Affordability Review Act. This provision ensures that insurers meet specific standards related to prescription drug costs and affordability. The amendment will not take effect unless Senate Bill No. 3 of the 103rd Legislature is also enacted into law.

Michigan SB0004 requires health insurers to comply with the Prescription Drug Cost and Affordability Review Act.

Michigan SB0004 amends the Michigan Insurance Code to mandate that insurers offering health insurance with prescription drug coverage in the state must adhere to the requirements outlined in section 12 of the Prescription Drug Cost and Affordability Review Act. This provision ensures that insurers meet specific standards related to prescription drug costs and affordability. The amendment will not take effect unless Senate Bill No. 3 of the 103rd Legislature is also enacted into law.