409.9124  Managed care reimbursement.--

(1)  The agency shall develop and adopt by rule a methodology for reimbursing managed care plans.

(2)  The agency shall by rule prescribe those items of financial information which each managed care plan shall report to the agency, in the time periods prescribed by rule. In prescribing items for reporting and definitions of terms, the agency shall consult with the Department of Insurance wherever possible.

(3)  The agency shall quarterly examine the financial condition of each managed care plan, and its performance in serving Medicaid patients, and shall utilize examinations performed by the Department of Insurance wherever possible.