Section 12-15-44.5-8 - Requirements for use of money appropriated to the fund; requirements for use of the incremental hospital assessment fee; payment for health care services; administrative costs; profit The following requirements apply to funds appropriated by the general assembly to the plan and the incremental fee used for purposes of IC 16-21-10-13.3:
(1) At least eighty-seven percent (87%) of the funds must be used to fund payment for health care services.(2) An amount determined by the office of the secretary to fund: (A) administrative costs of; and(B) any profit made by; a managed care organization under a contract with the office to provide health coverage under the plan. The amount determined under this subdivision may not exceed thirteen percent (13%) of the funds.
Amended by P.L. 152-2017,SEC. 35, eff. 7/1/2017.Added by P.L. 213-2015, SEC. 136, eff. 5/7/2015, retroactive.