$18 BILLION just "sitting around"? Betcha the pols got some ideas for that! And it doesn't include fixin' potholes...---No-fault bill: $1B from health care?

No-fault bill: $1B from health care? - Crain's Detroit Business:
A proposed overhaul to Michigan's no-fault automotive insurance law could pull more than $1 billion of revenue away from the state's health care industry, but it is unclear whether it would save drivers more money over the long run.

The House Insurance Committee voted 9-6 along party lines Thursday to report two no-fault reform bills, SB 248 and SB 249, to the House floor, where party leaders are expected to discuss them further this week.
A slightly different version passed the Senate 21-17 earlier this month.

The bills would cap the amount health care providers could bill for services covered under no-fault and provide for a two-year $100 annual rollback in premium charges.

The legislation also establishes a new Michigan Catastrophic Claims Association to begin covering all medical costs over a benefits cap on insurers, which starts at $545,000.
This fund replaces the current nonprofit claim association, which was established in 1978 and has more than $18 billion in accumulated assets to cover claims, and would have only the assets it collects directly from vehicle owners...
Read it all.
This will affect EVERY person in Michigan!