Insurance: pools; small business health pool; provide for. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding ch. 71A.

Summary

If enacted, this bill would authorize the creation of small business health insurance pools in Michigan, allowing multiple small employers to band together to purchase health coverage as a single group. This aims to give small businesses bargaining power similar to large employers, potentially affecting how insurers market and underwrite health plans for this segment. The bill amends the Insurance Code by adding a new chapter on health pools but does not directly regulate mortgage lending or consumer credit.