1. (a) As used in this chapter, "health care entity" means any of the following:

   1. (1) Except as provided in subsection (b), an organization or business that provides diagnostic, medical, surgical, dental treatment, or rehabilitative care.

   2. (2) An insurer that issues a policy of accident and sickness insurance (as defined in IC 27-8-5-1 ), except for the following types of coverage:

      1. (A) Accident only, credit, dental, vision, long term care, or disability income insurance.
      2. (B) Coverage issued as a supplement to liability insurance.
      3. (C) Automobile medical payment insurance.
      4. (D) A specified disease policy.

      5. (E) A policy that provides indemnity benefits not based on any expense incurred requirements, including a plan that provides coverage for:

         1. (i) hospital confinement, critical illness, or intensive care; or
         2. (ii) gaps for deductibles or copayments.
      6. (F) Worker's compensation or similar insurance.
      7. (G) A student health plan.
      8. (H) A supplemental plan that always pays in addition to other coverage.
   3. (3) A health maintenance organization (as defined in IC 27-13-1-19 ).
   4. (4) A pharmacy benefit manager (as defined in IC 27-1-24.5-12 ).
   5. (5) An administrator (as defined in IC 27-1-25-1 ).
   6. (6) A private equity partnership, regardless of where the private equity partnership is located, seeking to enter into a merger or acquisition with an entity described in subdivisions (1) through (5).

2. (b) The term does not include:

   1. (1) a health care provider (as defined by IC 4-6-14-2 ) that is majority owned, or that would be majority owned after the merger or acquisition, by practitioners who:

      1. (A) are licensed in Indiana; and
      2. (B) routinely provide health care services in the practitioner owned practice;
   2. (2) the Medicaid program; or
   3. (3) the Medicare program.

As added by P.L.95-2024, SEC.2. Amended by P.L.239-2025, SEC.9.