Insurance: pools; small business health pool; provide for. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding ch. 71A.

Summary

The bill adds Chapter 71A to Michigan’s Insurance Code, letting nonprofit business associations sponsor “small business health pools” that provide ACA‑level coverage to eligible small employers and self‑employed individuals. Pools may be fully insured, level‑funded or self‑funded, must meet solvency and rating rules, and are overseen by the Department of Insurance. It also creates a state‑funded catastrophic reinsurance program to help keep premiums stable.

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