House Republicans are proposing a revised overhaul of Michigan’s auto insurance system and to guarantee a 10 percent cut in premiums for two years.
The plan unveiled Thursday does away with unlimited medical benefits for people catastrophically injured in car accidents.
Most drivers could instead buy $10 million in personal injury protection, and proponents say nobody should reach the cap.
Low-income motorists could pick a cheaper option covering up to $50,000 in medical expenses. Motorists’ health insurance or Medicaid could pay for treatment when caps are hit.
Gov. Rick Snyder helped unveiled a proposal to cap medical coverage at $1 million last April, but the legislation stalled.
Michigan is the only state that offers unlimited medical benefits for catastrophic injuries and rehabilitation. It costs motorists $186 a year.
Was this article valuable?
Here are more articles you may enjoy.
Cal-Maine, Others Poised to Settle DOJ Egg Pricing Probe 
Traffic Flows Through Hormuz Despite Shock Ship Attack 
London Faces Huge Financial Cost Tied to Rising Heat, Mayor Says 
Endless Shrimp Deal Was Scheme to Squeeze Red Lobster, Suit Says 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.