Section 103.412 — [Former R.C. 103.414, amended and renumbered as R.C. 103.412 by H.B. 96, 136th General Assembly, effective 9/30/2025] Projection of medical inflation rate.
326 words·~1 min read·
/oh/title-1-state-government/chapter-103-legislative-services/103-412·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(A)Before the beginning of each fiscal biennium, the legislative service commission shall contract with an actuary to determine the projected medical inflation rate for the upcoming fiscal biennium. The contract shall require the actuary to make the determination using the same types of classifications and sub-classifications of medical care that the United States bureau of labor statistics uses in determining the inflation rate for medical care in the consumer price index. The contract also shall require the actuary to provide the commission a report with its determination at least one hundred twenty days before the governor is required to submit a state budget for the fiscal biennium to the general assembly under section 107.03 of the Revised Code.
(B)On receipt of the actuary's report, the commission shall share the report with the standing committees overseeing the medicaid program under section 103.41 of the Revised Code. The standing committees, acting jointly, shall determine whether they agree with the actuary's projected medical inflation rate. If they disagree with the actuary's projected medical inflation rate, the standing committees shall work with the commission to determine a different projected medical inflation rate for the upcoming fiscal biennium.
The actuary, the commission, and standing committees shall determine the projected medical inflation rate for the state unless that is not practicable in which case the determination shall be made for the midwest region.
(C)At least ninety days before the governor is required to submit a state budget for the upcoming fiscal biennium to the general assembly under section 107.03 of the Revised Code, the commission shall submit a report to the governor, medicaid director, and the standing committees that includes the following information:
(1)The projected medical inflation rate, whether the standing committees recommend the actuary's rate or the alternate rate recommended by the standing committees;
(2)If the standing committees recommend an alternate rate, an explanation for rejecting the actuary's rate;
(3)A copy of the actuary's report.