Insurance: other; allocation of revenue under the insurance provider assessment act; modify. Amends sec. 13 of 2018 PA 175 (MCL 550.1763). TIE BAR WITH: HB 4037'25

HB 4038 amends Michigan's Insurance Provider Assessment Act to redirect funds collected from insurance companies. It specifies that money must be used for: (1) paying Medicaid managed care organizations up to $14 million annually for capitation rates; (2) offsetting lost revenue from health insurance claims assessments ($315 million for 2018-19, $240 million for 2019-20); and (3) funding a health data utility with $6 million in 2026, increasing to $8 million annually starting in 2028 (adjusted for inflation via the Consumer Price Index). The bill ensures these funds remain in a dedicated account and do not lapse to the general fund. This directly affects Medicaid providers, the state treasury, and the health data utility managing public health information.