Indiana Code 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
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Sec. 8. 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:
(2) An amount determined by the office of the secretary to fund:
(1) At least eighty-seven percent (87%) of the funds must be used to fund payment for health care services.
Terms Used In Indiana Code 12-15-44.5-8
- Contract: A legal written agreement that becomes binding when signed.
- plan: refers to the healthy Indiana plan established by section 3 of this chapter. See Indiana Code 12-15-44.5-2
(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.
As added by P.L.213-2015, SEC.136. Amended by P.L.152-2017, SEC.35.