In Review: Governor J.B. Pritzker (D) signed HB 767 (Morgan-D) into law this week. The bill clarifies the Prescription Drug Affordability Act, passed in the spring as HB 1697, primarily by further asserting ERISA plan application for several PBM contract
In Review: Legislative leaders announced that the veto session is scheduled for October 14-16 and 28-30. The Illinois General Assembly can take up any legislation during the veto session. The Department of Insurance continues to tell legislators and insurance companies
In Review: PCMA and member companies are meeting with the Department of Insurance (DOI) in Chicago on Tuesday, July 15, to discuss issues surrounding the implementation of the PBM bill, HB 1697. Last week, DOI put out a bulletin, “Company
In Review: Illinois Governor J.B. Pritzker (D) signed HB 1697, an anti-PBM legislation, into law. Provisions include a ban on spread pricing, a ban on steering, and the creation of a $15 per covered life fee to be paid by
In Review: The PBM bill, HB 1697, jumped through the myriad hurdles of the legislative process within three days to become law. The Governor is expected to sign the bill soon. Provisions in the bill include: Applies to ERISA plans,
In Review: The Senate Insurance Committee is due to meet today, May 27, at 4:00 P.M. The conventional wisdom on Friday was that the PBM bill would be added to the agenda. The Committee Chairman indicated to PCMA that the
In Review: As of today, there is still no new statutory language for Senate Bill 709. The conventional wisdom is that we will not see statutory language until near the end of the session, which is due to adjourn in
In Review: PCMA counsel was notified by the Governor’s office late last week that the PBM bill is likely to come at the end of the session, near the adjournment date of May 31. As of today, there is no
In Review: Governor JB Pritzker’s (D) office has released a new “Walkthrough” document that goes through the provisions of the bill. As of this date, there is no statutory language. Provisions in the bill include: 100% rebate pass-through A $15
In Review: Over the weekend, Governor J.B. Pritzker’s (D) office released the “Prescription Drug Affordability Act 2.0.” The website has not been updated, but the new language will likely be added as an amendment to SB 709. Late Sunday night,
