Date	Chamber	Action
11/21/2024	House	Referred to Rules Committee

Statutes Amended In Order of Appearance

215 ILCS 5/513b8 new

Synopsis As Introduced
Amends the Pharmacy Benefit Manager Article of the Illinois Insurance Code. Provides that, on or before July 1 of each calendar year, each pharmacy benefit manager registered in this State must submit a report to the Director of Insurance detailing specified information concerning pricing discounts, rebates, or other financial incentives received by the pharmacy benefit manager during the previous calendar year; the terms and conditions of any contract between the pharmacy benefit manager and any party related to providing pharmacy benefit manager services to a health plan; and any activity, policy, practice, contract, or arrangement of the pharmacy benefit manager that may directly or indirectly present a conflict of interest. Provides that the Director may, at the Director's discretion, require additional quarterly reports. Sets forth provisions concerning confidentiality and rulemaking. Effective January 1, 2026.

Actions 

Date	Chamber	Action
11/21/2024	House	Filed with the Clerk by Rep. Cyril Nichols
11/21/2024	House	First Reading
11/21/2024	House	Referred to Rules Committee

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