Bill > HB2782

This bill modifies the existing Rate Preservation Fund managed by the Oklahoma Health Care Authority (OHCA) by expanding its authorized uses beyond the original sole purpose of maintaining provider reimbursement rates. Specifically, the bill now allows the OHCA to use the fund for two primary purposes: 1) maintaining reimbursement rates to providers in the event of a decrease in the federal medical assistance percentage rate, and 2) transferring up to one-third of the fund's balance to other OHCA funds to meet Medicaid program cash flow needs, with the critical condition that these transferred funds must be returned to the Rate Preservation Fund before the end of the same state fiscal year. The transfer is subject to approval from the Director of the Office of Management and Enterprise Services. The bill includes an emergency clause, meaning it will take effect immediately upon passage and approval, emphasizing the urgent nature of the legislative change. This modification provides the OHCA with increased flexibility in managing its funds while maintaining fiscal accountability through the requirement of fund restoration.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2782&Session=2500