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This Just In.

Publication: Crain's Detroit Business
Publication Date: 22-OCT-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: This Just In.(Derrick Coleman plans to open Nike shoe store)(GDX Automotive acquired by Wynnchurch Capital Inc.)(Crain Communications Inc. appointed Colleen Robar)

Article Excerpt
Lawmakers to vote on insurance bills this week

Bills that would limit the amount that health insurers can raise individual rates at renewal and allow the Accident Fund of Michigan entry into lines besides workers' compensation are headed for a vote this week in the state House.

Over objections from opponents who say the insurance changes will reduce access and affordability, House Bills 5282-5285 were approved last week by the House Insurance Committee. Supporters say the bills will control cost increases and prevent insurers from selecting only those individuals who are profitable to cover.

The bills would alter rate filing requirements for Blue Cross Blue Shield of Michigan and enact new rate scrutiny and limits on insurers. The legislation also would require insurers to pay into a Blue Cross-administered pool that would offer coverage to people who have been turned down for insurance.

In addition, the package would allow the Accident Fund, a Blue Cross subsidiary, to offer other...

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