PHARMACY BENEFIT MANAGER LIC
Summary
Creates the Pharmacy Benefit Manager Licensure and Solvency Protection Act to establish standards and criteria for the regulation, solvency, and licensing of pharmacy benefit managers. Requires pharmacy benefits managers to obtain a certificate of authority from the Department of Financial and Professional Regulation and a certificate of compliance from the State Board of Pharmacy. Sets forth provisions concerning disclosures, records, financial examination, an annual statement and filing fee, contracts and agreements, prohibited acts and practices, medication reimbursement costs, timely payments and audits, authorization for substitutions, and complaint and claim processes. Grants rulemaking authority to the Department and the Board. Amends the State Finance Act to create the Pharmacy Benefits Management Fund and to provide that no transfers may be made to the General Revenue Fund from the Pharmacy Benefits Management Fund. Effective immediately.
Bill status
failed
3 of 5 stages cleared
Introduction
Apr 2005
Committee Review
May 2005
Senate Passage
Apr 2005
House Passage
Governor
Introduced Apr 21, 2005
Last action Jan 9, 2007
Floor votes · Senate Apr 21, 2005
How they voted
51–0
Passed · 4 other
Total votes 55
Apr 21, 2005
D
Democratic29
89% Yea
R
Republican26
96% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
45
Key actions
6
Committee
13
Amendments
10
May 31, 2005
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
May 16, 2005
Committee
Assigned to Executive Committee
lower
May 16, 2005
Lower · Passed
Committee/Final Action Deadline Extended-9(b) May 31, 2005
lower
May 13, 2005
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Apr 26, 2005
Committee
Referred to Executive Committee
lower
Apr 26, 2005
Committee
Referred to Rules Committee
lower
Apr 21, 2005
Introduced
Arrived in House
lower
Apr 21, 2005
Amended
Senate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
upper
Apr 21, 2005
Upper · Passed
Senate Floor Amendment No. 3 Adopted; Righter
upper
Apr 21, 2005
Introduced
Senate Floor Amendment No. 3 Recommend Do Adopt Licensed Activities; 006-000-000
upper
Apr 21, 2005
Senate · Passed
Senate Vote: pass (51-0-4)
senate
Apr 20, 2005
Introduced
Senate Floor Amendment No. 3 Rules Refers to Licensed Activities
upper
Apr 20, 2005
Committee
Senate Floor Amendment No. 3 Referred to Rules
upper
Apr 20, 2005
Introduced
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Dale A. Righter
upper
Apr 12, 2005
Introduced
Senate Floor Amendment No. 2 Held in Licensed Activities
upper
Apr 12, 2005
Introduced
Senate Floor Amendment No. 2 Rules Refers to Licensed Activities
upper
Apr 12, 2005
Committee
Senate Floor Amendment No. 2 Referred to Rules
upper
Apr 12, 2005
Introduced
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Dale A. Righter
upper
Mar 17, 2005
Upper · Passed
Do Pass as Amended Licensed Activities; 008-000-000
upper
Mar 16, 2005
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
Mar 16, 2005
Upper · Passed
Senate Committee Amendment No. 1 Rules Refers to Licensed Activities
upper
Mar 15, 2005
Committee
Senate Committee Amendment No. 1 Referred to Rules
upper
Mar 15, 2005
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Dale A. Righter
upper
Mar 2, 2005
Committee
Assigned to Licensed Activities
upper
Feb 25, 2005
Committee
Referred to Rules
upper
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
Ask Maddy
·
AI policy assistant
Ask Maddy about SB 1828
Scope: IL
Hi! I can help you understand SB 1828. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline