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 regulations that promote the affordability and accessibility of prescription medications for policyholders.

Furthermore, the enactment of this amendatory act is contingent upon the passage of Senate Bill No. ____ or House Bill No. 4544 from the 103rd Legislature. This stipulation indicates that the new requirements for insurers will only take effect if the related legislative measures are also enacted into law.

Statutes affected:
House Introduced Bill: 500.100, 500.8302