Members of the Michigan Senate Democratic Caucus announced a plan that aims to increase access to affordable health care statewide. Named the “Health Care You Can Afford,” it seeks to address rising medical costs, address the costs of prescription drugs, and react to federal policies.
Key Points:
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- The plan creates a state-based health care exchange, lowering premiums, and providing more options for health insurance.
- This would transition the state away from the federally managed health insurance marketplace.
- It would include a state reinsurance pool to help address rising premiums.
- Increase options for small businesses to shop for health insurance for their employees through association plans, which allow small businesses to band together, pool resources, and put together insurance options that reduce costs for employers and their staff.
- Cap the price of essential drugs through a Prescription Drug Affordability Board and prohibit drug manufacturers from denying access to low-cost medications.
- Cap interest and late fees on medical debt and ban it from appearing on credit reports.
- Ensure hospitals remain open in rural communities.
- Establish new state enhancements for Health Savings Accounts.
- The plan creates a state-based health care exchange, lowering premiums, and providing more options for health insurance.
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