Dive Brief:
- A group of Michigan state legislators have introduced a bill which would require the state's insurance companies to report the financial impact of the ACA on their premiums.
- The bill would require that health plans report the ACA's financial effect each year through 2018, including but not limited to taxes, assessments and other legal requirements.
- Democrats say the bill, which is Republican led, should also require health plans to report positive effects of the ACA.
Dive Insight:
Not surprisingly. this legislation concerns health plans, who say they're worried about the cost of calculating estimates, as well as the administrative burden they'd face in meeting the law's requirements. if health plans get their way, the bill will require a simple, clear summary of the law's administrative costs, a task that should be manageable over time. Otherwise, the very provision that's supposed to empower consumers will actually cost them more!