Common use of Modification of Capitation Rates Clause in Contracts

Modification of Capitation Rates. The Parties expressly understand and agree that the agreed Capitation Rates are subject to modification in accordance with Article 8 (“Amendments and Modifications,”) if changes in state or federal laws, rules, regulations or policies affect the rates or the actuarial soundness of the rates. HHSC will provide the HMO notice of a modification to the Capitation Rates 60 days prior to the effective date of the change, unless HHSC determines that circumstances warrant a shorter notice period. If the HMO does not accept the rate change, either Party may terminate the Contract in accordance with Article 12 (“Remedies and Disputes”).

Modification of Capitation Rates. The Parties expressly understand and agree that the agreed Capitation Rates are subject to modification in accordance with Article 8 (8, “Amendments and Modifications,”) ” if changes in state or federal laws, rules, regulations regulations, guidelines, policies, or policies court orders affect the rates or the actuarial soundness of the rates. HHSC will provide the HMO MCO notice of a modification to the Capitation Rates at least 60 days prior to the effective date of the change, unless HHSC determines that circumstances warrant a shorter notice period. If the HMO MCO does not accept the rate change, either Party may terminate the Contract in accordance with Article 12 (, “Remedies and Disputes.”).

Modification of Capitation Rates. The Parties expressly understand and agree that the agreed Capitation Rates are subject to modification in accordance with Article 8 (“Amendments and Modifications,”) if changes in state or federal laws, rules, regulations regulations, or policies affect the rates or the actuarial soundness of the rates. HHSC will provide the HMO MCO with notice of a modification to the Capitation Rates 60 days Days prior to the effective date of the change, unless HHSC determines that circumstances warrant a shorter notice period. If the HMO MCO does not accept the rate change, either Party may terminate the Contract in accordance with Article 12 (“Remedies and Disputes”).