HB1348

House Bill 1348 authorizes and directs the Arkansas State Insurance Department to develop a state-level audit process to monitor compliance with the 'qualified payment amount' requirements established by the federal No Surprises Act of 2021. The bill mandates that the department promulgate rules to implement and administer this audit process. It further outlines a timeline for the adoption of these initial rules, requiring the department to file them with the Secretary of State by January 1, 2024, or as soon as practicable following legislative approval. The bill also requires the department to submit proposed rules to the Legislative Council in advance of the deadline to facilitate timely review. The overall intent is to ensure healthcare providers and insurance carriers accurately adhere to federal standards regarding payment calculations for out-of-network services.