07-05-2025
Gov. Braun signs hospital pricing bill into law
HENDERSON, Ky. (WEHT)- Indiana Governor Mike Braun signs a bill designed to rein in high hospital prices into law for the Hoosier state.
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House Bill 1004 will remove the nonprofit status of hospitals in the state if their prices are higher than the state average calculated by the Indiana Office of Management and Budget. The law instructs the office to use inpatient and outpatient hospital pricing from 2023 and 2024 to determine the average cost. Under the law, a nonprofit hospital system is required to submit audited financial statements to the state, with a $10,000 per day penalty for failure to submit financial statements by October 1 of each year.
The first study by the Office of Management and Budget is to be completed by June of 2026, with the law fully going into effect in 2029. Under the law, a health system could regain its nonprofit status by reestablishing compliance. This is accomplished by having an average inpatient and outpatient hospital price equal to or less than the statewide average.
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