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OK HB2437
Bill
Status
5/28/2010
Primary Sponsor
Ed Cannaday
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AI Summary
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Establishes the Health Carrier Access Payment Revolving Fund within the State Treasury for the Oklahoma Health Care Authority to fund the state's Medicaid program and maximize federal matching funds.
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Requires all health carriers (including insurers, HMOs, third-party administrators, self-insured plans, and MEWAs) to pay 1% access payments on claims paid for health and medical services to Oklahoma residents from July 1, 2010 through January 1, 2015.
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Excludes from "claims paid" calculation: administrative expenses, limited benefit insurance, non-resident services, Medicare/Medicaid claims, and retiree health plans separate from employee plans.
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Mandates monthly access payment reporting and payment to the Insurance Commissioner within 30 days of each month (or annually for small group third-party administrators within 60 days of plan year close).
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Authorizes the Insurance Commissioner to refuse renewal, suspend, or revoke health carrier certificates of authority and assess civil penalties for failure to pay access payments; collected funds shall not be used for state employee wages or general administrative expenses.
Legislative Description
Insurance; creating the Health Carrier Access Payment Revolving Fund for the Oklahoma Health Care Authority; stating purpose of fund. Effective date.
Insurance
Last Action
Approved by Governor 06/05/2010
5/28/2010