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Latest Update: Tuesday, December, 02nd 2008
PHARMACY BENEFIT MANAGER LIC Amends the Third Party Prescription Programs Article of the Insurance Code to change the name of the Article to the Pharmacy Benefits Management Programs Law. Provides for the registration of all pharmacy benefits management programs and pharmacy benefits managers (PBMs) doing business in the State with the Director of the Division of Insurance of the Department of Financial and Professional Regulation. Creates the Advisory Council on Pharmacy Benefits Managers. Makes changes concerning fiduciary and bonding, notice, and contractual requirements, cancellation procedures, denial of payment, and failure to register. Sets forth provisions concerning drug substitution, pricing, claims, maximum allowable cost (MAC) adjustments, audit standards, contact of covered persons, record keeping, information sharing with out-of-network pharmacies, prohibitions, the collection and payment of taxes and fees, and failure to comply. Grants rulemaking authority to the [...] show full description
- 04/29/2008 - Added Alternate Chief Co-Sponsor Rep. David E. Miller
- 04/24/2008 - First Reading
- 04/24/2008 - Referred to Rules Committee
- 04/17/2008 - Third Reading - Passed; 052-000-000
- 04/17/2008 - Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
show all actions- 04/29/2008 - Added Alternate Chief Co-Sponsor Rep. David E. Miller
- 04/24/2008 - First Reading
- 04/24/2008 - Referred to Rules Committee
- 04/17/2008 - Third Reading - Passed; 052-000-000
- 04/17/2008 - Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
- 04/17/2008 - Senate Committee Amendment No. 3 Tabled Pursuant to Rule 5-4(a)
- 04/17/2008 - Senate Floor Amendment No. 4 Tabled Pursuant to Rule 5-4(a)
- 04/17/2008 - Senate Floor Amendment No. 5 Tabled Pursuant to Rule 5-4(a)
- 04/17/2008 - Arrived in House
- 04/17/2008 - Placed on Calendar Order of First Reading
- 04/17/2008 - Chief House Sponsor Rep. Dan Reitz
- 04/16/2008 - Second Reading
- 04/16/2008 - Placed on Calendar Order of 3rd Reading April 17, 2008
- 04/04/2008 - Senate Floor Amendment No. 5 Filed with Secretary by Sen. John J. Cullerton
- 04/04/2008 - Senate Floor Amendment No. 5 Referred to Rules
- 04/03/2008 - Senate Floor Amendment No. 4 Filed with Secretary by Sen. John J. Cullerton
- 04/03/2008 - Senate Floor Amendment No. 4 Referred to Rules
- 03/13/2008 - Do Pass as Amended Licensed Activities; 007-000-000
- 03/13/2008 - Placed on Calendar Order of 2nd Reading April 1, 2008
- 03/12/2008 - Senate Committee Amendment No. 2 Adopted
- 03/12/2008 - Added as Co-Sponsor Sen. Deanna Demuzio
- 03/12/2008 - Added as Chief Co-Sponsor Sen. Iris Y. Martinez
- 03/11/2008 - Senate Committee Amendment No. 2 Rules Refers to Licensed Activities
- 03/07/2008 - Senate Committee Amendment No. 3 Filed with Secretary by Sen. John J. Cullerton
- 03/07/2008 - Senate Committee Amendment No. 3 Referred to Rules
- 02/27/2008 - Senate Committee Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton
- 02/27/2008 - Senate Committee Amendment No. 1 Referred to Rules
- 02/27/2008 - Senate Committee Amendment No. 2 Filed with Secretary by Sen. John J. Cullerton
- 02/27/2008 - Senate Committee Amendment No. 2 Referred to Rules
- 02/20/2008 - Assigned to Licensed Activities
- 02/14/2008 - Filed with Secretary by Sen. John J. Cullerton
- 02/14/2008 - First Reading
- 02/14/2008 - Referred to Rules
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