OR HB2214

Amends ORS 414.572 to change how coordinated care organizations (CCOs) must spend excess funds above minimum financial requirements, shifting from annual net income "or reserves" to annual net income that "exceeds" requirements

Requires CCOs to spend excess annual net income on services meeting federal requirements under 45 C.F.R. 158.150 or 158.151 for activities that improve health care quality

Removes previous language requiring excess funds be spent specifically on services "designed to address health disparities and the social determinants of health"

Maintains existing minimum financial requirements: $250,000 restricted reserves plus 50% of liabilities above $250,000, and capital/surplus of at least $2,500,000

Applies to CCO contracts with the Oregon Health Authority entered into, amended, or renewed on or after the effective date of the act