Ohio Revised Code
Chapter 103 | Legislative Services
Section 103.414 | Projection of Medical Inflation Rate.

Effective: March 20, 2014
Latest Legislation: Senate Bill 206 - 130th General Assembly
Before the beginning of each fiscal biennium, JMOC 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 JMOC 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.
On receipt of the actuary's report, JMOC shall determine whether it agrees with the actuary's projected medical inflation rate. If JMOC disagrees with the actuary's projected medical inflation rate, JMOC shall determine a different projected medical inflation rate for the upcoming fiscal biennium.
The actuary and, if JMOC determines a different projected medical inflation rate, JMOC 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.
Regardless of whether it agrees with the actuary's projected medical inflation rate or determines a different projected medical inflation rate, JMOC shall complete a report regarding the projected medical inflation rate. JMOC shall include a copy of the actuary's report in JMOC's report. JMOC's report shall state whether JMOC agrees with the actuary's projected medical inflation rate and, if JMOC disagrees, the reason why JMOC disagrees and the different medical inflation rate JMOC determined. 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, JMOC shall submit a copy of the report to the general assembly in accordance with section 101.68 of the Revised Code and to the governor and medicaid director.

Structure Ohio Revised Code

Ohio Revised Code

Title 1 | State Government

Chapter 103 | Legislative Services

Section 103.03 | Use of Books and Documents of Other State Agencies.

Section 103.05 | Codification of Administrative Rules - Publications.

Section 103.051 | Register of Ohio.

Section 103.052 | Assistance by State Agencies in Publishing Register of Ohio.

Section 103.053 | Reimbursement of Costs From Agency.

Section 103.054 | Register of Ohio Fund.

Section 103.0511 | Electronic Rule-Filing System Established.

Section 103.0512 | Rule Filings During System Shutdown.

Section 103.0521 | Removal of Obsolete Rules.

Section 103.11 | Ohio Legislative Service Commission Organization.

Section 103.12 | Ohio Legislative Service Commission Committees.

Section 103.13 | Powers and Duties of Legislative Service Commission.

Section 103.131 | Codification and Numbering of Laws.

Section 103.14 | Fiscal Analysis Prepared by Legislative Budget Office.

Section 103.142 | Substitute Versions of Bills - Conference Committee Reports.

Section 103.143 | Local Impact Statement of Net Additional Cost to School Districts, Counties, Townships, or Municipal Corporations.

Section 103.144 | Mandated Benefit Defined.

Section 103.145 | Determining Financial Impact of Mandated Benefit.

Section 103.146 | Independent Healthcare Actuarial Review of Mandated Benefit Consulting Professionals.

Section 103.15 | Clerks to Deliver Documents to Legislative Service Commission.

Section 103.16 | Public Hearings of Legislative Service Commission or Its Committees.

Section 103.17 | Subpoena Power and Contempt Proceedings.

Section 103.18 | Cooperation of State Agencies.

Section 103.19 | Appointment of Officers and Employees.

Section 103.20 | Office Space of Legislative Service Commission.

Section 103.21 | Appropriations for Compensation and Expenses.

Section 103.22 | Meetings and Procedure.

Section 103.23 | Legislative Budget and Program Oversight Commission.

Section 103.24 | Legislative Agency Telephone Usage Fund.

Section 103.25 | Protection and Maintenance of Electronic Documents.

Section 103.26 | Reports on Legislation Regarding Occupational Regulation.

Section 103.27 | Report Regarding Occupations Subject to Regulation.

Section 103.31 | Requests for Data Analytics.

Section 103.41 | Joint Medicaid Oversight Committee Definitions.

Section 103.411 | Appearance of Director.

Section 103.412 | Jmoc Powers.

Section 103.413 | Investigations.

Section 103.414 | Projection of Medical Inflation Rate.

Section 103.415 | Review of Pertinent Legislation.

Section 103.51 | Legislative Task Force on Redistricting, Reapportionment, and Demographic Research.

Section 103.60 | Rare Disease Advisory Council.

Section 103.65 | Ohio Health Oversight and Advisory Committee.

Section 103.651 | Ohio Health Oversight and Advisory Committee Powers.

Section 103.71 | Correctional Institution Inspection Committee Created.

Section 103.72 | Officers - Expenses.

Section 103.73 | Duties of Correctional Institution Inspection Committee.

Section 103.74 | Subcommittees - Organization - Appropriations.

Section 103.75 | Youth Services Facility Defined.

Section 103.76 | Correctional Institution Inspection Committee May Inspect Youth Services Facilities.

Section 103.77 | Access to Youth Services Facilities for Inspection.

Section 103.78 | Powers of Committee Regarding Youth Services Facilities.

Section 103.79 | Report Regarding Youth Services Facilities Inspections and Proposed Programs.