SB1557 Engrossed LRB101 08168 SMS 53234 b
1		AN ACT concerning regulation.
2		Be it enacted by the People of the State of Illinois,
3		represented in the General Assembly:
4		Section 5. The Illinois Insurance Code is amended by adding
5		Article XXXIIB as follows:
6		(215 ILCS 5/Art. XXXIIB heading new)
7		ARTICLE XXXIIB. PHARMACY BENEFITS MANAGERS
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.