Bill > SB1868

This bill creates the Oklahoma Out-of-Network and Surprise Billing Act, which aims to address balance billing and protect consumers from having to pay more than their applicable in-network copay, coinsurance, and deductible amounts when receiving emergency services from out-of-network providers or non-emergency services at in-network facilities from out-of-network providers. The bill sets the initial payment rates for out-of-network providers and requires insurers to provide transparency on out-of-network costs. It also establishes an arbitration process for resolving disputes between insurers and out-of-network providers or facilities. Additionally, the bill requires the Insurance Department to conduct biennial studies on the impact of balanced billing and submit reports to the state government.