The bill amends Section 1010.1 of the Oklahoma Medicaid Program Reform Act to modify eligibility requirements for self-funded or self-insured health care plans to participate in the state's premium assistance program. Key changes include the insertion of new criteria for these plans, which must now either be utilized by an employer participating in the program as of May 1, 2024, or be owned and operated by an interlocal self-funded public trust comprised of local government employers. Additionally, the bill updates statutory language and references, ensuring compliance with federal laws and establishing a framework for the verification of applicants' income through various state agencies.

The legislation also includes the creation of a revolving fund designated as the Health Employee and Economy Improvement Act (HEEIA) Revolving Fund, which will be used to implement the premium assistance plan and fund the state share of the Medicaid program. The bill emphasizes the importance of increasing access to health care for Oklahomans, particularly for small businesses and uninsured individuals, while promoting personal responsibility in health care utilization. An emergency clause is included, allowing the act to take effect immediately upon passage and approval.

Statutes affected:
Introduced: 56-1010.1
Floor (House): 56-1010.1
Floor (Senate): 56-1010.1
Engrossed: 56-1010.1
Amended And Engrossed: 56-1010.1