March 12 – Keeping You in the Know – Health Care Reform

healtcare20reform

Michigan Medicaid Expansion

As states implement the federal health care law, many are debating whether to expand their Medicaid programs in order to receive a larger federal subsidy. Gov. Rick Snyder recently announced expansion “makes sense for the physical and fiscal health of Michigan,” but state taxpayers may disagree. The Michigan Legislature would be required to propose legislation to enable Medicaid expansion.
LEARN MORE > Tue, 12 March
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Blue Cross and Blue Shield of Michigan to become a Non-profit Mutual Company

Senate Bills 61 and 62 received final legislative approval on March 5th. Originally proposed by Gov. Snyder and supported by overwhelming majorities in the House and Senate, the legislation establishes consistent regulations for all Michigan health insurers and enables the BCBSM Board of Directors to move forward with transitioning the company to become a nonprofit mutual insurer by year’s end.
LEARN MORE > Tue, 12 March

Health Care Reform –
Kapnick Disclamer

The health care reform law—the Affordable Care Act (ACA)—has many complex requirements for employers and health plans. Please contact Kapnick Insurance Group with any questions about how you can prepare for any of the health care reform requirements. This Kapnick Insurance Group Update is not intended to be exhaustive nor should any discussion or opinions be construed as legal advice. Readers should contact legal counsel for legal advice.
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