To convert Blue Cross Blue Shield into a “mutual insurance company” and make it subject to the same regulations as regular health insurers. Although it would remain a non-profit, current restrictions on the entity's ability to own for-profit subsidiaries would be reduced, and it would no longer be subject to close oversight by the state Attorney General. In return for being granted this conversion, BCBS would pay "up to" $1.56 billion over 18 years (meaning it could be less) into a fund that would supplement various health-related government programs, as selected by a board of political appointees.   Official Text and Analysis.

With the recommendation that the bill pass.

To require that a union official be one of the members of the politically-appointed board that would decide where to spend the "up to" $1.56 billion over 18 years BCBS would be required to pay to supplement health-related government spending.

To prohibit BCBS officers from being appointed to the board that would decide where to spend the "up to" $1.56 billion over 18 years that the entity would be required to pay to supplement health-related government spending.

To assert that the "up to" $1.56 billion over 18 years that BCBS would be required to pay to supplement government health-related spending should be on things that "improve health care quality" and reduce its cost.

To convert Blue Cross Blue Shield into a “mutual insurance company” and make it subject to the same regulations as regular health insurers. Although it would remain a non-profit, current restrictions on the entity's ability to own for-profit subsidiaries would be reduced, and it would no longer be subject to close oversight by the state Attorney General. In return for being granted this conversion, BCBS would pay "up to" $1.56 billion over 18 years (meaning it could be less) into a fund that would supplement various health-related government programs, with specific spending items selected by a board of political appointees. The bill does not include abortion restrictions that caused Gov. Snyder to veto the same measure when passed late last year.

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

To replace the previous version of the bill with one that revises details but does not change the substance as previously described.

To require that if there are any unspent appropriations at the end of a fiscal year, up to $75 million of the money must be spent on subsidizing "Medigap" insurance policies for individuals age 65 and older.

To clarify that Blue Cross Blue Sheild property will be subject to property tax starting in 2014.

To clarify references to individuals eligible for Medicare.

To clarify that Blue Cross Blue Sheild property and that of any subsidiaries it owns or acquires will be subject to property tax starting in 2014.