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Michigan Association of Health Plans briefs committee on market structure, drug costs and affordability pressures
Summary
The Michigan Association of Health Plans presented an overview of the state's insurance markets, highlighting concentration in the employer market, Medicaid managed-care enrollment, rising prescription drug costs (particularly specialty and GLP-1 drugs) and the potential effects if federal APTC subsidies expire.
The Michigan Association of Health Plans (MAHP) presented to the House Insurance Committee on the structure of Michigan's health insurance markets, trends driving premiums and policy options for affordability.
Dominic (presented as executive director of MAHP) told the committee MAHP represents 11 carriers that together cover more than four million Michigan residents and that most state residents with coverage receive it through employer-sponsored plans. The association said roughly 2.3 million Michiganders were enrolled in Medicaid during the public-health emergency period, with…
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