Bill > HB1666

This bill requires comprehensive reporting of ownership information for health care providers, insurers, and related entities in Indiana. Specifically, hospitals, health care entities, insurers, third-party administrators, and pharmacy benefit managers must now disclose detailed ownership information, including the names of individuals or entities with at least a 5% ownership stake, controlling interests, or private equity partnerships. The reports must include business addresses, websites, identification numbers (such as NPI or EIN), and ownership percentages, while explicitly excluding Social Security numbers. The Indiana Department of Health will be responsible for collecting and annually publishing a report with this information, with the ability to omit certain non-public details. The secretary of state and department of insurance will assist in developing a plan to collect and share this information. Additionally, the bill allows the attorney general to investigate the market concentration of health care entities and provides for fines of $1,000 per day for entities that fail to submit required reports. The goal appears to be increasing transparency in health care ownership and potential market consolidation.