Michigan to study ways to lower health insurance premiums


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

The contractor submitting the request for proposal must have policy, economic and actuarial expertise to help the state stabilize the health insurance market and lower insurance costs, DIFS said. RFP deadline is Nov. 7.

“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.”

Based on the experience of other states, Pallone said he believes the study will help control health insurance costs while improving quality and accessibility for Michigan residents.

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