Illinois General Assembly - Full Text of SB1557
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Full Text of SB1557  101st General Assembly

SB1557eng 101ST GENERAL ASSEMBLY

  
  
  

 


 
SB1557 EngrossedLRB101 08168 SMS 53234 b

1    AN ACT concerning regulation.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Insurance Code is amended by adding
5Article XXXIIB as follows:
 
6    (215 ILCS 5/Art. XXXIIB heading new)
7
ARTICLE XXXIIB. PHARMACY BENEFITS MANAGERS

 
8    (215 ILCS 5/521.1 new)
9    Sec. 521.1. Pharmacy benefits managers.
10    (a) As used in this Section, "pharmacy benefits manager"
11means an entity that administers or manages a pharmacy benefits
12plan or program for an accident and health insurer.
13    (b) A pharmacy benefits manager may not prohibit a pharmacy
14or pharmacist from providing a customer with a more affordable
15alternative if a more affordable alternative is available.