Bill Sponsors: IL SB2008 | 2021-2022 | 102nd General Assembly

Bill Title: Amends the Illinois Insurance Code. Provides that if a generic equivalent for a brand name drug is approved by the federal Food and Drug Administration, plans that provide coverage for prescription drugs through the use of a drug formulary that are amended, delivered, issued, or renewed in the State on or after January 1, 2022 shall comply with specified requirements. Provides that the Department of Insurance may adopt rules to implement provisions concerning notice of change of drug formulary. In provisions concerning a contract between a health insurer and a pharmacy benefit manager, provides that a pharmacy benefit manager must update and publish maximum allowable cost pricing information according to specified requirements, must provide a reasonable administrative appeal procedure to allow pharmacies to challenge maximum allowable costs, and must comply with specified requirements if an appeal is denied. Sets forth provisions concerning pharmacy benefit manager contracts; specified requirements that a pharmacy benefit manager shall comply with; specified requirements that an auditing entity shall comply with when conducting a pharmacy audit; and specified requirements concerning pharmacy network access standards. Provides that a violation of specified provisions is an unfair method of competition and unfair and deceptive act or practice in the business of insurance. Sets forth provisions concerning applicability of the Pharmacy Benefit Managers Article of the Illinois Insurance Code, and provisions concerning fiduciary responsibility of a pharmacy benefit manager. Defines terms. Makes other changes. Amends the Illinois Public Aid Code. Sets forth provisions concerning reimbursement of professional dispensing fees and acquisition costs for pharmacy providers.

Spectrum: Slight Partisan Bill (Democrat 13-5)

Status: (Introduced) 2022-02-10 - Senate Committee Amendment No. 3 Rule 3-9(a) / Re-referred to Assignments [SB2008 Detail]

Text: Latest bill text (Introduced) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Senator David Koehler [D]PrimarySponsored BillsSD-046FollowTheMoneyBallotpediaVoteSmart
Senator Linda Holmes [D]CosponsorSponsored BillsSD-042FollowTheMoneyBallotpediaVoteSmart
Senator Laura Murphy [D]CosponsorSponsored BillsSD-028FollowTheMoneyBallotpediaVoteSmart
Senator Napoleon Harris [D]CosponsorSponsored BillsSD-015FollowTheMoneyBallotpediaVoteSmart
Senator Michael Hastings [D]CosponsorSponsored BillsSD-019FollowTheMoneyBallotpediaVoteSmart
Senator Sara Feigenholtz [D]CosponsorSponsored BillsSD-006FollowTheMoneyBallotpediaVoteSmart
Senator Cristina Castro [D]CosponsorSponsored BillsSD-022FollowTheMoneyBallotpediaVoteSmart
Senator Mattie Hunter [D]CosponsorSponsored BillsSD-003FollowTheMoneyBallotpediaVoteSmart
Senator Sally Turner [R]CosponsorSponsored BillsSD-044FollowTheMoneyBallotpediaVoteSmart
Senator Steve McClure [R]CosponsorSponsored BillsSD-050FollowTheMoneyBallotpediaVoteSmart
Senator Dale Fowler [R]CosponsorSponsored BillsSD-059FollowTheMoneyBallotpediaVoteSmart
Senator Doris Turner [D]CosponsorSponsored BillsSD-048FollowTheMoneyBallotpediaVoteSmart
Senator Darren Bailey [R]CosponsorSponsored BillsSD-055FollowTheMoneyBallotpediaVoteSmart
Senator Laura Fine [D]CosponsorSponsored BillsSD-009FollowTheMoneyBallotpediaVoteSmart
Senator Melinda Bush [D]CosponsorSponsored BillsSD-031FollowTheMoneyBallotpediaVoteSmart
Senator Julie Morrison [D]CosponsorSponsored BillsSD-029FollowTheMoneyBallotpediaVoteSmart
Senator Steven Landek [D]CosponsorSponsored BillsSD-012FollowTheMoneyBallotpediaVoteSmart
Senator Terri Bryant [R]CosponsorSponsored BillsSD-058FollowTheMoneyBallotpediaVoteSmart

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