Insurance: health insurers; state-based insurance exchange; provide for. Creates new act. TIE BAR WITH: SB 0977’26
Key claim: Michigan Senate Bill 0973 would create a new state-based health insurance exchange, tied to SB 0977, and has been referred to the Senate Insurance Committee.
Abstract
(SB0973 · 103rd Legislature) Insurance: health insurers; state-based insurance exchange; provide for. Creates new act. TIE BAR WITH: SB 0977’26 Latest action (2026-06-18): Referred To Committee On Insurance
Why this matters
A state-based exchange would shift administration of Michigan’s individual and small-group ACA marketplace from the federal government to the state, potentially affecting enrollment operations, plan oversight, and consumer assistance for hundreds of thousands of Michiganders who rely on subsidized coverage. The tie bar to SB 0977 signals a paired framework — likely governance/funding alongside the substantive exchange act — meaning both bills must advance together for the shift to take effect.