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Oklahoma Bill Would Create Workers’ Comp Assigned Risk Plan April 21, 2021
A bill working its way through the Oklahoma Legislature would allow for the creation of an assigned risk plan providing workers’ compensation insurance.
Senate Bill 524 would also repeal the CompSource Mutual Insurance Company Act; CompSource Mutual is currently the state’s workers’ comp market of last resort. The insurance commissioner would be directed to develop the plan and would determine the rates to be charged, which can’t be excessive, inadequate or unfairly discriminatory.
The bill is supported by the Oklahoma independent insurance agents’ association, Big I Oklahoma.
In a media release Big I Oklahoma President and CEO Denise Johnson, said “separating the residual market and establishing it as a stand-alone entity, regulated by the Oklahoma Department of Insurance, allows for a level and fully competitive workers’ compensation insurance marketpl
Oklahoma State Medical Association to challenge state s Medicaid managed-care program
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The Oklahoma State Medical Association on Tuesday said it plans to seek a court injunction against the state s recently announced $2.1 billion Medicaid managed-care program.
The association plans to challenge the Oklahoma Health Care Authority s decision to allow UnitedHealthcare, Blue Cross and Blue Shield of Oklahoma, Humana Healthy Horizons and Centene Corp. subsidiary Oklahoma Complete Health to manage Medicaid benefits for the state s 903,000 enrollees come Oct. 1. The initiative, named SoonerSelect, covers lower-income adults, Temporary Assistance for Needy Families and the Children s Health Insurance Program.
The group said it takes issue with private companies operating the state s Medicaid program, rather than the Health Care Authority. Through SoonerSelect, the state will pay private insurers under a capitated payment model, offering payers a set fee per enrollee to coor