Blue Cross salutes House Insurance Committee for advancing legislation to create a fair and competitive health insurance marketplace for Michigan residents

Feb. 21, 2013

LANSING – Blue Cross Blue Shield of Michigan issued the following statement today following action by the House Insurance Committee to advance legislation (Senate Bill 61 and Senate Bill 62) proposed by Gov. Rick Snyder to modernize health insurance regulations and enable BCBSM to transition to a nonprofit mutual insurance company. The bipartisan legislation received prompt attention in the Senate in late January, passing unanimously with the support of a broad group of business and health organizations, and the state’s two leading newspapers. The bills now move to the full House for a vote.

"This legislation gives Michigan a best-in-class system of regulation as the national health care industry undertakes its largest transformation since the introduction of Medicare nearly 50 years ago," said Andrew Hetzel, BCBSM vice president for corporate communications. "There is broad-based consensus among the Blues, the business community and our industry competitors that the regulatory changes these bills enable will improve competition and benefit purchasers of health insurance coverage in Michigan. We encourage the House to approve these bills as soon as possible."

"This legislation is being considered at a critical time," Hetzel added.  "Consistent regulations are necessary now, to ensure fair and balanced competition as our industry adjusts to tremendous changes.  We credit the committee and chairman Pete Lund for a thorough and inclusive process that resulted in these bills going to the full House in a timely manner."

 

Blue Cross Blue Shield of Michigan is a nonprofit corporation and independent licensee of the Blue Cross and Blue Shield Association. Visit www.mibluesperspectives.com for more information.

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