INDIANA, (WOWO) — House Bill 1004 which is State Rep. Martin Carbaugh’s bill to lower prices at Indiana’s not-for-profit hospitals was signed into law by Governor Mike Braun.

The law requires Indiana’s Office of Management and Budget to determine the average price of all hospital facility fees by June 2026.

Not-for-profit hospitals, including Parkview Health and IU Health, have until 2029 to meet this price average or risk losing their non-profit status.

While some hospital executives expressed concerns about the law’s impact on costs and access to care, Carbaugh defended the legislation as a necessary measure to ensure hospitals act in the public interest.