On September 20, 2011, Michigan's governor signed the Health Insurance Claims Assessment Act ("HICA"). Effective January 1, 2012, certain health insurance carriers and third-party administrators will be required to pay an assessment on specified paid health care claims. The revenue generated by HICA will be used to bolster Michigan's Medicaid program. It is anticipated that an additional $400 million dollars will be generated by HICA. Currently, HICA is scheduled to expire on January 1, 2014.