SB1096

Oklahoma SB1096 requires an impact analysis for health benefit plan legislation.

Oklahoma SB1096 mandates that when a legislative committee votes to submit a bill impacting health benefit plans, the Legislative Service Bureau must refer it to the Insurance Department for an impact analysis. The Department must prepare a report within 60 days, detailing social, medical efficacy, and financial impacts. The Bureau then shares the report with the bill's author and committee chairs. The Department can contract third-party vendors for report production and is limited to five referrals per fiscal year, with additional referrals requiring approval from the Insurance Commissioner.