Michigan Department of Insurance and Financial Services Posts Request for Proposal (RFP) for Health Insurance Market Study
FOR IMMEDIATE RELEASE: October 11, 2018
(LANSING) The Michigan Department of Insurance and Financial Services (DIFS) is actively seeking a contractor with policy, economic, and actuarial expertise to analyze options available to help stabilize the health insurance market and lower health insurance costs for Michigan residents.
“The goal is to study options that could have a meaningful impact on reducing health insurance premiums for Michigan consumers while ensuring coverage is comprehensive and accessible,” said DIFS’ Director Patrick McPharlin.
The study will inform Michigan’s decision regarding pursuit of a Section 1332 State Innovation Waiver under the Affordable Care Act and will be conducted in phases. Phase One requires completion of a health insurance market analysis with future projections and a presentation of potential policy solutions. At the end of Phase One, DIFS will chose a policy option. Phase Two entails an actuarial and economic analysis of DIFS’ chosen option. Phase Three of the contract will only be performed if enabling legislation is enacted and sufficient appropriations are made.
The RFP may be viewed through the Vendor Self Service Portal by searching for “1332 Waiver”.
The deadline to submit a proposal in response to the RFP is November 7, 2018.