The tax, currently at 0.75 percent on each health insurance claim, is expected to rise to 1 percent in 2017, according to article. The tax generates several hundred million dollars a year to help fund Michigan’s Medicaid programs. The tax would have otherwise expired in two years if new legislation were not adopted.
Michigan’s health insurance claims tax isn’t quite out of the woods yet, however. Earlier this month, the U.S. Court of Appeals for the Sixth Circuit was ordered to re-examine the state’s Health Insurance Claims Assessment Act in light of the Supreme Court’s recent ruling in Gobeille v. Liberty Mutual, which upheld the preemptive powers of the Employee Retirement Income Security Act.
More articles on payer issues:
Humana opens its second retail pharmacy in Texas
150k Highmark enrollees desert plans in 2016
UnitedHealth creates ‘start-over’ insurer Harken Health
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
