Tag: Michigan insurance

Michigan health insurance exchange may be passed to federal government

Health insurance deadline

Michigan struggles with building an exchange program Michigan has been grappling with setting up its own health insurance exchange. The state is required to build an exchange by federal law. The Michigan health insurance exchange would provide residents with access to affordable insurance coverage and would likely create more competition in the state’s insurance industry. Governor Rick Snyder has announced that the state may petition the federal government to take over the effort and run the exchange itself. This would mean that the Michigan health insurance exchange would not actually…

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Michigan may team with federal government for a health insurance exchange

S.Vagus
Health Insurance Refund

State may not be able to meet the standards imposed by health care law Michigan may team with the federal government to build a health insurance exchange. Governor Rick Snyder, along with state legislators, has proposed the idea, noting that it may be the only way for an insurance exchange to take root in the state. Earlier this year, the state received $9.8 million from the Department of Health and Human Services in order to build an exchange program. The money has since been tied up in political battles between…

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No-fault Michigan auto insurance struggling with spike in claims expenses

Julie Campbell

According to a recent study performed by the Insurance Research Council (IRC), the no-fault system for Michigan auto insurance has experienced an increase of 192 percent in the average claimed losses for lost wages, medical expense, and other injury-related costs linked to vehicle accidents within the state, in a period from 2002 to 2001. The IRC study of auto injury insurance claims in no fault systems also demonstrated that within that same period of time, there was an average increase of 13 percent every year within that state. It identified…

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Florida, Michigan, and California attempt to shrink auto insurance rates

Julie Campbell

Motorists in Florida, Michigan, and California are hopeful that the attempts being made by their states will be successful in lowering the rates that they pay for their auto insurance coverage. Both Florida and Michigan have no-fault-based auto insurance systems, and these two states have been vigilantly examining their programs throughout their current legislative sessions. Florida has especially been in the spotlight, as it attempts to tackle a car insurance fraud problem that is spiraling out of control. California insurance, on the other hand, is examining its own system based…

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Coalition Protecting Auto No Fault seeks to make Michigan car insurance information public

Julie Campbell

The Coalition Protecting Auto No Fault (CPAN), a Lansing-based group, has filed a lawsuit against the insurance system in Michigan at the Ingham County Circuit Court, with the intention of forcing the insurance industry to report the data it collects regarding health and accidents. Officials with the Coalition are working to alter the current insurance system through a proposal of two bills which was made in November and which has been supported by insurance companies. They are seeking to have information from the Michigan Catastrophic Claims Association (MCCA) – a…

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