SB 3733 – Illinois
Status: Inactive / DeadYear Introduced: 2020
Link: http://www.ilga.gov/legislation/BillStatus.asp?DocNum=3733&GAID=15&DocTypeID=SB&SessionID=108&GA=101
INS-GENERIC PRESCRIPTION DRUGS. Amends the Illinois Insurance Code. Provides that if a generic equivalent for a brand name drug is approved by the Food and Drug Administration, insurance companies with plans that provide coverage for prescription drugs through the use of a drug formulary that are amended, delivered, issued, or renewed in the State on or after January 1, 2021 shall immediately substitute the brand name drug with the generic equivalent or move the brand name drug to a formulary tier that reduces an enrollee’s cost. Grants rulemaking authority to the Department of Insurance. Defines “brand name drug”, “generic drug”, and “formulary”. Effective January 1, 2021.
Return to Database Search
© 2018- The SLIHCQ Database. Initial funding for this project was provided by the Robert Wood Johnson Foundation. The views expressed here do not necessarily reflect the views of the Foundation.
Associated Litigation:
No items found