Sec. 23. (a) Not later than November 1, 2023, the office shall:
(1) develop a schedule for the periodic review of Medicaid reimbursement rates for each category of service that does not have a rate review frequency in state or federal code; and
(2) provide the schedule developed under subdivision (1) to the budget committee.
The office may determine the frequency of review of each service category's Medicaid reimbursement rates according to the schedule. However, each service category's Medicaid reimbursement rates must be reviewed at least once every four (4) years.
(b) The review of the first set of Medicaid reimbursement rates to be reviewed according to the schedule developed under subsection (a)(1) must be completed not later than November 1, 2024.
(c) The office shall provide the findings of each review of each service category's Medicaid reimbursement rates to the budget committee as reviews are completed according to the schedule.