HB4453

Establishes the Oklahoma Health Care Cost Transparency Board to measure health care costs and primary care spending.

Oklahoma HB4453 creates the Oklahoma Health Care Cost Transparency Board within the Oklahoma Insurance Department. The Board aims to measure statewide health care cost growth, primary care investment trends, and ensure consistent evaluation of health expenditures. It oversees the All Payer Claims Database, which collects and analyzes data from commercial insurers, Medicaid, and Medicare. The Board establishes benchmarks for primary care spending, with insurers required to achieve a minimum of 11% by January 1, 2030.