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House rejects amendment to restore fiduciary duty to beneficiaries in Senate Bill 3
Summary
The Indiana House defeated an amendment to Senate Bill 3 that would have added beneficiaries to the law—stablishing fiduciary duties for plan sponsors and administrators; proponents said the change would protect patients, opponents warned it could create new legal challenges.
During the Indiana House floor session, members voted down an amendment to Senate Bill 3 that would have restored an explicit fiduciary duty to plan beneficiaries in employer-sponsored insurance arrangements.
Supporters said the amendment would prioritize patients over insurance-company profit motives and restore protections they said the Senate lready intended. "They deserve the same protections. This amendment…
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