1. (a) This section applies to a contract entered into, issued, amended, or renewed after June 30, 2024.

2. (b) A contract:

   1. (1) between a:

      1. (A) third party administrator; and
      2. (B) plan sponsor;

   2. (2) between a:

      1. (A) prepaid health care delivery plan under IC 5-10-8-7 (c) to provide group health coverage for state employees; and
      2. (B) plan sponsor; or

   3. (3) between:

      1. (A) a pharmacy benefit manager (as defined in IC 27-1-24.5-12 ); and

      2. (B) either a:

         1. (i) plan sponsor; or

         2. (ii) third party administrator for the administration of a self-funded health benefit plan on behalf of the plan sponsor;

            must provide that the plan sponsor owns the claims data relating to the contract. However, a plan sponsor's ownership of the claims data under this section may not be construed to require the pharmacy benefit manager or third party administrator to disclose a trade secret (as defined in IC 24-2-3-2 ).

3. (c) Any claims data provided under this section must be provided in accordance with the federal Health Insurance Portability and Accountability Act (HIPAA) (P.L. 104-191).

As added by P.L.152-2024, SEC.15.