The following requirements apply to funds appropriated by the general assembly to the plan and the incremental fee used for purposes of IC 16-21-10-13.3 :

1. (1) At least eighty-seven percent (87%) of the funds must be used to fund payment for health care services.

2. (2) An amount determined by the secretary to fund:

   1. (A) administrative costs of; and

   2. (B) any profit made by;

      a managed care organization under a contract with the office to provide health coverage under the plan. The amount determined under this subdivision may not exceed thirteen percent (13%) of the funds.

As added by P.L.213-2015, SEC.136. Amended by P.L.152-2017, SEC.35; P.L.63-2026, SEC.28.