92nd General Assembly
Status of HB5930
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 Full Text  Bill Summary

   New Act                                                                     
   30 ILCS 105/5.570 new                                                       

        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.                                          
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          30 ILCS 105/5.570 new                                                
        Replaces the title and  everything  after  the  enacting  clause.      
   Creates  the Pharmacy Benefit Management Regulation Act. Provides only      
   a short title.                                                              
   FEB-08-2002  H  FILED WITH CLERK                                               
   FEB-08-2002  H  ADDED AS A JOINT SPONSOR                 SAVIANO               
   FEB-08-2002  H  FIRST READING                                                  
   FEB-08-2002  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-13-2002  H       ASSIGNED TO COMMITTEE               INSURANCE             
   FEB-14-2002  H  ADDED AS A JOINT SPONSOR                 COULSON               
   FEB-21-2002  H                             AMENDMENT NO. 01-INSURANCE     H    
   FEB-21-2002  H                                   ADOPTED                       
   FEB-21-2002  H       REMAINS IN COMMITTEE                INSURANCE             
   FEB-22-2002  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary