SB787

Oklahoma SB787 establishes the Oklahoma Health Care Cost Containment and Affordability Act, setting limits on payment rates for health care services.

Oklahoma SB787, the Oklahoma Health Care Cost Containment and Affordability Act, aims to control health care costs by setting limits on payment rates for health care services. The act mandates that payments for inpatient or outpatient hospital services cannot exceed the lesser of 200% of the amount paid by Medicare or Medicaid for the same service, or the median amount paid by health benefit plans. It also requires health care providers to submit necessary information to the State Department of Health for audits and compliance monitoring.