OK SB722

Establishes the Health Care Compact, an interstate agreement allowing member states to regulate healthcare within their borders and suspend conflicting federal laws, rules, and regulations.

Creates the Interstate Advisory Health Care Commission composed of members appointed by each member state (maximum two per state) to study healthcare issues and make non-binding recommendations to member state legislatures.

Guarantees member states the right to receive federal healthcare funding equal to their "Member State Current Year Funding Level" (based on 2010 federal spending adjusted for population and inflation) as mandatory spending not subject to annual appropriation.

Requires compact to be adopted by at least two states and receive Congressional consent to become effective, with member states able to withdraw with six months' notice.

Sets Oklahoma's preliminary base federal healthcare funding level at $10.344 billion for fiscal year 2010.