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| | SB1557 Engrossed | | LRB101 08168 SMS 53234 b |
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| 1 | | AN ACT concerning regulation.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Insurance Code is amended by adding |
| 5 | | Article XXXIIB as follows:
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| 6 | | (215 ILCS 5/Art. XXXIIB heading new) |
| 7 | | ARTICLE XXXIIB. PHARMACY BENEFITS MANAGERS
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| 8 | | (215 ILCS 5/521.1 new) |
| 9 | | Sec. 521.1. Pharmacy benefits managers. |
| 10 | | (a) As used in this Section, "pharmacy benefits manager" |
| 11 | | means an entity that administers or manages a pharmacy benefits |
| 12 | | plan or program for an accident and health insurer. |
| 13 | | (b) A pharmacy benefits manager may not prohibit a pharmacy |
| 14 | | or pharmacist from providing a customer with a more affordable |
| 15 | | alternative if a more affordable alternative is available.
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