Illinois General Assembly - Bill Status for HB6871
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 Bill Status of HB6871  93rd General Assembly


Short Description:  PHARMACY BENEFIT MGT REG ACT

House Sponsors
Rep. David E. Miller

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act
30 ILCS 105/5.625 new


Synopsis As Introduced
Creates the Pharmacy Benefit Management Regulation Act. Establishes the standards and criteria for regulation and licensing of pharmacy benefit management companies. Requires pharmacy benefit management companies to obtain a license from the Director of Insurance and to obtain a certificate of authority from the State Pharmacy Board. Provides for financial examination of those companies. Grants enforcement powers to the Director of Insurance and the State Pharmacy Board. Imposes fees and assessments upon pharmacy benefit management companies. Provides for the fees and assessments to be deposited into the Pharmacy Benefit Company Regulation Fund, a special fund in the State treasury. Amends the State Finance Act to add the Fund to the list of special funds. Effective immediately.

Actions 
DateChamber Action
  2/9/2004HouseFiled with the Clerk by Rep. David E. Miller
  2/9/2004HouseFirst Reading
  2/9/2004HouseReferred to Rules Committee
  1/11/2005HouseSession Sine Die

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