Loading chat...
IL SB3734
Bill
AI Summary
-
Prohibits pharmacy benefit managers (PBMs) from reimbursing independent pharmacists or pharmacies at lower rates than they reimburse themselves or their affiliated pharmacies for the same prescription drug or pharmacy service
-
Applies to all insurers that provide coverage for prescription drugs and pharmacy services, whether directly or through a pharmacy benefit manager
-
Amends the Illinois Insurance Code by adding new Section 513b7 addressing reimbursement practices for prescription drugs and pharmacy services
-
Takes effect immediately upon becoming law
Legislative Description
INS-PHARMACY BENEFIT MANAGERS
Last Action
Session Sine Die
1/13/2021
Committee Referrals
Assignments4/12/2020
Insurance3/3/2020
Assignments2/14/2020
Full Bill Text
No bill text available