This bill amends the Oklahoma Medicaid Program Reform Act of 2003, specifically focusing on the premium assistance program. It modifies the eligibility requirements for self-funded or self-insured health care plans to participate in the program, allowing such plans to qualify if they meet certain conditions. The bill also updates statutory language and references, and it establishes a revolving fund known as the Health Employee and Economy Improvement Act (HEEIA) Revolving Fund to support the implementation of the premium assistance plan.

Key changes include the removal of the term "Oklahoma" from references to the Medicaid program, which is now referred to as the "state Medicaid program." Additionally, the bill introduces new criteria for self-funded or self-insured health care plans to be eligible for the premium assistance program, such as being recognized by the Insurance Department or being overseen by the Office of the Attorney General. The bill is set to take effect on November 1, 2025.

Statutes affected:
Introduced: 56-1010.1