Oklahoma Insurance Commissioner Kim Holland has asked the Oklahoma Supreme Court to strike down a new state law designed to raise revenue for the state’s Medicaid program. The law imposes a fee on health insurance carriers.
Holland filed a petition asking the high court to declare the statute unconstitutional.
Among other things, Holland says state lawmakers passed the bill during the last five days of the 2010 legislative session in violation of the state Constitution.
Holland also alleges that the measure, House Bill 2437, failed to receive the supermajority three-fourths vote of the House and Senate required by the Constitution .
The measure requires payments by health carriers to fund the state’s Medicaid program. The fee would be collected by the insurance commissioner and would raise an estimated $78 million in new revenue.
Topics Oklahoma
Was this article valuable?
Here are more articles you may enjoy.
AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to Avoid Coverage 
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
Chubb CEO Greenberg on Personal Insurance Affordability and Data Centers 
Owner of Assisted Living Home Where 10 Died in Fire Denied Access to Insurance Funds 
