State Officials at the Department of Insurance and Financial Services (DIFS) are calling for bids on a study of Michigan’s health insurance market with the goal of both stabilizing the market and lowering overall costs. In a statement, DIFS Director Patrick McPharlin said the “goal is to study options that could have a meaningful impact on reducing health insurance premiums while ensuring coverage is comprehensive and accessible.”
The study will affect Michigan’s decision on seeking a Section 1332 waiver allowed under the Affordable Care Act (ACA). A waiver under that section allows a state to be exempted from ACA requirements if it can show the state can do a better job of meeting the ACA’s goals and not cost the federal government any more money. Several states, including Wisconsin and Minnesota, are operating under Section 1332 waivers.