Health information; creating the Oklahoma Health Care Transparency Initiative Act of 2026; requiring and authorizing submission of certain data; providing data privacy and security protections; providing penalties; establishing Health Care Cost Transparency Board.

1. **ONE-SENTENCE SUMMARY:** The Oklahoma Health Care Transparency Initiative Act of 2026 requires businesses to submit specific health data while ensuring privacy and security protections. 2. **KEY REQUIREMENTS:** - Submit designated health care data to the state as specified by the Health Care Cost Transparency Board. - Implement data privacy and security measures to protect submitted information. 3. **DEADLINES:** - The law is set to take effect in 2026. - Specific compliance deadlines for data submission will be established by the Health Care Cost Transparency Board. 4. **PENALTIES:** - Businesses that fail to comply with data submission requirements may face fines. - Enforcement mechanisms will be determined by the Health Care Cost Transparency Board. 5. **SMB IMPACT:** Small businesses in the health care sector will need to allocate resources for data collection and submission, as well as invest in privacy and security measures to comply with the new law. This could increase operational costs but may also enhance transparency and trust with consumers.