Pritzker Signs Health Care Legislation
- Gov. JB Pritzker signed two health care bills into law on Tuesday in Illinois, including the Prescription Drug Affordability Act and House Bill 3019.
- These laws respond to concerns about high drug prices and pharmacy benefit managers who control drug availability and pricing, mirroring similar actions taken in Connecticut this year.
- The legislation prohibits PBMs from spread pricing and steering patients to pharmacies where they hold financial interests, mandates transparency of PBM records, and creates a $25 million grant program for independent pharmacies.
- The bills passed with strong legislative support, including an 84-32 House vote and a 45-11 Senate vote, while PBM advocates criticized the laws for not addressing drug price-setting by pharmaceutical companies.
- The new laws aim to reduce costs for consumers and increase oversight of PBMs, but past efforts have yet to significantly lower drug prices, suggesting ongoing challenges in reforming the pharmaceutical supply chain.
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Capitol Fa - Your Illinois News Radar » Isabel’s morning briefingCapitolFax.com
* ICYMI: Pritzker signs health care legislation. Capitol News Illinois… Gov. JB Pritzker signed a pair of health care-related bills Tuesday that he said would put more controls on the pricing of pharmaceutical drugs sold through insurance plans while expanding insurance coverage for certain kinds of hospital costs. House Bill 1697, known as the Prescription [...]
Pritzker signs affordable prescription drug bill into Illinois law
Ill. (WTVO) — Governor JB Pritzker signed a bill into law that would lower prescription drug prices on July 7th. Lawmakers in Springfield have been aiming to lower prescription drug prices with the Prescription Drug Affordability Board Act since the bill was proposed in January. This came after Biden's executive order that lowered prescription drug prices was removed. The act would create the Prescription Drug Affordability Board, which would se…
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