Illinois General Assembly - Bill Status for SB 1971

Amends the Illinois Insurance Code. Provides regulation for the creation of a list of drugs used to set the maximum allowable cost on which reimbursement to a pharmacy or pharmacist may be based. Provides that before a pharmacy benefits manager places or continues a particular drug on a maximum allowable cost list, the drug shall meet specified requirements. Provides for the duties of a pharmacy benefits manager in his or her use of a maximum allowable cost list. Provides for a reasonable administrative appeal procedure to allow pharmacies to challenge maximum allowable costs and reimbursements made under a maximum allowable cost for a specific drug. Provides that a pharmacy benefits manager shall not reimburse a pharmacy or pharmacist in this State in an amount less than the amount that the pharmacy benefits manager reimburses a pharmacy benefits manager affiliate for providing the same pharmacist services. Provides that a pharmacy or pharmacist may decline to provide pharmacist services to a patient or pharmacy benefits manager if, as a result of a maximum allowable cost list, a pharmacy or pharmacist is to be paid less than the pharmacy acquisition cost of the pharmacy providing pharmacist services. Provides that a violation of the provisions concerning maximum allowable cost lists and pharmacy benefits managers is a deceptive trade practice. Amends the Uniform Deceptive Trade Practices Act to make a conforming change. Defines terms.

Date	Chamber	Action
1/9/2019	Senate	Session Sine Die

Date	Chamber	Action
2/10/2017	Senate	Filed with Secretary by Sen. Omar Aquino
2/10/2017	Senate	First Reading
2/10/2017	Senate	Referred to Assignments
2/28/2017	Senate	Assigned to Insurance
3/8/2017	Senate	Added as Chief Co-Sponsor Sen. Jacqueline Y. Collins
3/9/2017	Senate	Postponed - Insurance
3/17/2017	Senate	Rule 2-10 Committee Deadline Established As April 7, 2017
4/7/2017	Senate	Rule 3-9(a) / Re-referred to Assignments
1/9/2019	Senate	Session Sine Die