The committee shall consist of five members, three from the Majority Party, and two from the Minority Party.

The duties of the committee shall be to examine if it is possible that an objective standard can be applied to all MoHealth Net provider reimbursement rates, and if so, how that standard should be applied.

The committee shall issue a report as to their findings and recommendations, as deemed necessary by a majority of the members of their committee, to the Missouri Senate no later than January 1, 2009 for legislative action.