Bill Status of HB3327 102nd General Assembly
Short Description: INS-HEALTH CARE/TIMELY PAYMENT
Rep. Jackie Haas, Mark Luft and Adam Niemerg
| 1/10/2023||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Insurance Code. In provisions concerning timely payment for health care services, provides that failure to make periodic payments within specified time periods shall entitle a health care professional, health care facility, independent practice association, physician-hospital organization, insurer, health maintenance organization, managed care plans health care plan, preferred provider organization, or third party administrator to interest at the rate of 9% semiannually (rather than 9% per year).