SENATE BILL NO. 637

A bill to amend 1956 PA 218, entitled

"The insurance code of 1956,"

(MCL 500.100 to 500.8302) by adding section 3406nn.

the people of the state of michigan enact:

Sec. 3406nn. (1) The department shall apply to the United States Secretary of Health and Human Services under section 1332 of the patient protection and affordable care act, 42 USC 18052, for a state innovation waiver to do any of the following:

(a) Waive any applicable provisions of the patient protection and affordable care act with respect to health insurance coverage.

(b) Establish a reinsurance program in accordance with an approved waiver.

(c) Maximize federal funding for the reinsurance program for plan years beginning on or after implementation of the program.

(2) On or before 180 days after the effective date of the amendatory act that added this section, the department shall make a draft application available for a 30-day public review and comment period. The department shall consider any comments in its final submitted application.

(3) The department may amend the waiver application as necessary to carry out the provisions of the Michigan health insurance exchange act.

(4) On approval of the department's application for an innovation waiver by the United States Department of Health and Human Services, the department shall implement a reinsurance program.

Enacting section 1. This amendatory act does not take effect unless Senate Bill No. 633 of the 102nd Legislature is enacted into law.