This appears to be the first state action to put a limit on how high premiums can go...almost like regulating a utility, which is pretty close to what health insurance is today...BD

The Michigan House on Wednesday voted 89-17 to approve bills that would limit how much for-profit health insurers could increase their rates during policy renewals, the Detroit News reports. The bills, introduced earlier this month, also would require health insurers to contribute to a pool administered by Blue Cross Blue Shield of Michigan that would cover the health expenses of individuals who cannot afford health insurance.

Michigan House Passes Bill To Limit Insurance Rate Increases


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