Michigan bill forces health care premium disclosure

2:04 PM, Nov 17, 2013   |    comments
(AP image)
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LANSING, Mich. - State legislators are sharply divided over an emerging plan to require Michigan insurance companies to tell policyholders the impact of the federal health care law on their premiums.

Legislation pending in the Republican-led House would require that insurers give customers annual estimates of the overhaul's effect on premiums - likely in renewal notices - including, but not limited to, taxes, assessments and other requirements of the law.

But Democrats say the bill is nothing more than a political ploy.

They say if insurers are required to tell people about the law's cost, they should also explain its benefits. Insurers must cover 10 essential benefits that will make plans more costly buy also more comprehensive. Plans also cannot charge more money because of pre-existing conditions.

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