The bill amends the Michigan insurance code of 1956 by adding a new section, 3406tt, which mandates that insurers providing health insurance policies with prescription drug coverage must comply with section 12 of the prescription drug cost and affordability review act. This addition aims to ensure that health insurance policies in Michigan adhere to specific standards regarding the cost and accessibility of prescription medications.

Furthermore, the bill includes a provision stating that it will not take effect unless Senate Bill No. 3 of the 103rd Legislature is enacted into law. This conditional enactment underscores the interconnectedness of legislative measures concerning health insurance and prescription drug affordability in the state.

Statutes affected:
Senate Introduced Bill: 500.100, 500.8302