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House defeats amendment to impose fiduciary duty to health-plan beneficiaries
Summary
An amendment to require third-party administrators and PBMs to hold fiduciary duties to beneficiaries was defeated in a roll-call vote after divided debate over employer/employee roles.
An amendment that would have restored an explicit fiduciary duty to health-plan beneficiaries failed on a roll-call vote in the Indiana House after lawmakers debated whether employers or plan administrators should bear that duty.
Supporters said the change would ensure patients’ interests come before insurers’ profits. "Hoosiers enrolled in these plans are the reason for the contract," Representative Campbell said, urging colleagues to "put…
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