Illinois General Assembly - Bill Status for SB2779
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 Bill Status of SB2779  94th General Assembly


Short Description:  PHARMACY BENEFITS MANAGER

Senate Sponsors
Sen. Dale A. Righter

Last Action
DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
215 ILCS 5/Art. XXXI.5 heading
215 ILCS 5/512-1from Ch. 73, par. 1065.59-1
215 ILCS 5/512-2from Ch. 73, par. 1065.59-2
215 ILCS 5/512-3from Ch. 73, par. 1065.59-3
215 ILCS 5/512-4from Ch. 73, par. 1065.59-4
215 ILCS 5/512-5from Ch. 73, par. 1065.59-5
215 ILCS 5/512-6from Ch. 73, par. 1065.59-6
215 ILCS 5/512-7from Ch. 73, par. 1065.59-7
215 ILCS 5/512-8from Ch. 73, par. 1065.59-8
215 ILCS 5/512-9from Ch. 73, par. 1065.59-9
215 ILCS 5/512-10from Ch. 73, par. 1065.59-10
215 ILCS 5/512-11 new
215 ILCS 5/512-12 new


Synopsis As Introduced
Amends the Third Party Prescription Programs Article of the Insurance Code to change the name of the Article to the Pharmaceutical Benefits Management Programs Law. Changes references from third party prescription programs to pharmaceutical benefits management programs and from third party program administrator to pharmaceutical benefits manager or PBM throughout the Article. Provides for the registration of all pharmaceutical benefits management programs and pharmaceutical benefits managers (PBMs) doing business in the State with the Director of the Division of Insurance of the Department of Financial and Professional Regulation. Makes changes concerning fiduciary and bonding, notice, and contractual requirements, cancellation procedures, denial of payment, and failure to register. Sets forth provisions concerning failure to comply. Grants rulemaking authority to the Director of the Division of Insurance. Effective immediately.

Actions 
DateChamber Action
  1/20/2006SenateFiled with Secretary by Sen. Dale A. Righter
  1/20/2006SenateFirst Reading
  1/20/2006SenateReferred to Rules
  1/9/2007SenateSession Sine Die

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