With the new 2016 year, we must expect new laws and new tax plans created around the country. Recently the Michigan senate voted on some very important stuff about Michigan’s health insurance tax.
The new extension which is until 2020 happened after the Michigan senate got together and hammered out the details. 21-17 was the vote on Wednesday by the republican controlled senate, which was to extend the health insurance tax claims assessment. If the tax was not established then by 2017-2018 medicaid could have cut spending unless another source of funding was spent. At first they tax was set to 2025 but was reset to 2020.
For more info on Michigan’s health insurance tax go to my source.