Michigan is looking for a contractor to conduct a health insurance market study as part of the state’s overall effort to lower health insurance premiums.
The study also could help the state insurance department decide whether to seek a federal innovation waiver that would give it additional regulatory authority, state health insurance officials said.
“The goal is to study options that could have a meaningful impact on reducing health insurance premiums for Michigan consumers while ensuring coverage is comprehensive and accessible,” Patrick McPharlin, director of the state Department of Insurance and Financial Services, said in a statement
“Michigan Association of Health Plans and its health plan members are pleased to see the Michigan Department of Insurance and Financial Services’ request for proposal for a health insurance market study,” MAHP executive director Dominick Pallone, said in a statement. “We have strongly advocated such a step for some time.”