CIRCUIT BREAKER-RX DRUG REBATE House SponsorsRep. Elizabeth Coulson 1/11/2005HouseSession Sine Die 30 ILCS 105/5.595 new320 ILCS 25/3.15from Ch. 67 1/2, par. 403.15320 ILCS 25/4.5 new Amends the State Finance Act and the Senior Citizens and Disabled Persons Property Tax Relief and Pharmaceutical Assistance Act. Provides that beginning July 1, 2004, the Department of Revenue shall by rule expand the classes of drugs covered under the pharmaceutical assistance program beyond those covered as of January 1, 2003, subject to appropriations. Requires the Department to negotiate and enter into agreements with drug manufacturers for rebates in excess of those received by the State as a result of contracts with third parties on January 1, 2003. Provides for the deposit of those rebates and other moneys into the Prescription Drug Assistance Fund, which is created as a special fund in the State treasury, and for the appropriation of moneys in the fund for the purpose of expanding the classes of drugs covered under the pharmaceutical assistance program beyond those covered as of January 1, 2003. Effective immediately.Fiscal Note (Department of Public Aid) There will be no additional appropriated cost to the Department of Public Aid. Assuming rebates for prescriptions paid by Medicaid will continue to be deposited into the Drug Rebate Fund, the only potential impact IDPA could be a reduction of the "Best Price" charged by a manufacturer which could reduce the level of federal rebates. There will be administrative costs associated with operating this program. Either a complicated tracking system will need to be developed and staffed, or an outside entity will need to be hired. Additionally, IDOR will pay all but $1.00 for generic and $4.00 for name brand drug prescriptions. Without knowing the number of rule additions or the rebate agreements negotiated, the additional cost of the legislation could not be defined. 2/21/2003HouseFiled with the Clerk by Rep. Elizabeth Coulson 2/21/2003HouseFirst Reading 2/21/2003HouseReferred to Rules Committee 2/26/2003HouseAssigned to Revenue Committee 3/11/2003HouseFiscal Note Filed 3/13/2003HouseRule 19(a) / Re-referred to Rules Committee 1/11/2005HouseSession Sine Die