Sec. 7. (a) Not later than June 30, 2029, an Indiana nonprofit hospital system's aggregate average inpatient and outpatient hospital prices shall at least be equal to or less than the statewide average inpatient and outpatient hospital prices determined by the office of management and budget under this chapter.
(b) If the Indiana nonprofit hospital system violates subsection (a), the Indiana nonprofit hospital system shall forfeit its nonprofit status for purposes of IC 6 for at least one (1) year.
(c) An Indiana nonprofit hospital system that forfeits its status as a nonprofit hospital under subsection (b) may reestablish the Indiana nonprofit hospital system's nonprofit tax exempt status under IC 6 if the office of management and budget determines that the Indiana nonprofit hospital system's average inpatient and outpatient hospital prices comply with this section.
(d) An Indiana nonprofit hospital system's forfeiture of its status as a nonprofit hospital under this section is subject to IC 4-21.5.