HB 6871

  • Illinois House Bill
  • 93rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pharmacy Benefit Mgt Reg Act

Abstract

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.

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Jan 11, 2005

House

Session Sine Die

Feb 09, 2004

House

Filed with the Clerk by Rep. David E. Miller

House

First Reading

House

Referred to Rules Committee

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