PHARMACY BENEFIT MANAGER LIC Senate SponsorsSen. Dale A. Righter and Mike Jacobs House Sponsors(Rep. Roger L. Eddy-Robert Rita-David E. Miller-Elizabeth Coulson) 1/9/2007SenateSession Sine Die New Act30 ILCS 105/5.640 new30 ILCS 105/8gCreates 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.Senate Committee Amendment No. 1 Deletes reference to:30 ILCS 105/5.640 new30 ILCS 105/8gDeletes everything after the enacting clause. Creates the Pharmacy Benefit Manager Licensure and Solvency Protection Act. Contains only the short title provision.Senate Floor Amendment No. 3 Deletes reference to:New ActAdds reference to:215 ILCS 5/Art. XXXI.5 heading215 ILCS 5/512-1from Ch. 73, par. 1065.59-1215 ILCS 5/512-2from Ch. 73, par. 1065.59-2215 ILCS 5/512-3from Ch. 73, par. 1065.59-3215 ILCS 5/512-4from Ch. 73, par. 1065.59-4215 ILCS 5/512-5from Ch. 73, par. 1065.59-5215 ILCS 5/512-6from Ch. 73, par. 1065.59-6215 ILCS 5/512-7from Ch. 73, par. 1065.59-7215 ILCS 5/512-8from Ch. 73, par. 1065.59-8215 ILCS 5/512-9from Ch. 73, par. 1065.59-9215 ILCS 5/512-10from Ch. 73, par. 1065.59-10215 ILCS 5/512-11 new215 ILCS 5/512-12 newDeletes everything after the enacting clause. Amends the Third Party Prescription Programs Article of the Insurance Code to change the name of the Article to the Pharmaceutical Benefits Management Programs Law. Changes references from third party prescription programs to pharmaceutical benefits management programs and from third party program administrator to pharmaceutical benefits manager or PBM throughout the Article. Provides for the registration of all pharmaceutical benefits management programs and pharmaceutical benefits managers (PBMs) doing business in the State with the Director of the Division of Insurance of the Department of Financial and Professional Regulation. Makes changes concerning fiduciary and bonding, notice, and contractual requirements, cancellation procedures, denial of payment, and failure to register. Sets forth provisions concerning failure to comply. Grants rulemaking authority to the Director of the Division of Insurance. Effective immediately. 2/25/2005SenateFiled with Secretary by Sen. Dale A. Righter 2/25/2005SenateFirst Reading 2/25/2005SenateReferred to Rules 3/2/2005SenateAssigned to Licensed Activities 3/10/2005SenateHeld in Licensed Activities 3/15/2005SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Dale A. Righter 3/15/2005SenateSenate Committee Amendment No. 1 Referred to Rules 3/16/2005SenateSenate Committee Amendment No. 1 Rules Refers to Licensed Activities 3/16/2005SenateSenate Committee Amendment No. 1 Adopted 3/17/2005SenateDo Pass as Amended Licensed Activities; 008-000-000 3/17/2005SenatePlaced on Calendar Order of 2nd Reading April 6, 2005 4/12/2005SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Dale A. Righter 4/12/2005SenateSenate Floor Amendment No. 2 Referred to Rules 4/12/2005SenateSenate Floor Amendment No. 2 Rules Refers to Licensed Activities 4/12/2005SenateSenate Floor Amendment No. 2 Held in Licensed Activities 4/13/2005SenateSecond Reading 4/13/2005SenatePlaced on Calendar Order of 3rd Reading April 14, 2005 4/15/2005SenateRule 2-10 Third Reading Deadline Extended to May 31, 2005 4/20/2005SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. Dale A. Righter 4/20/2005SenateSenate Floor Amendment No. 3 Referred to Rules 4/20/2005SenateSenate Floor Amendment No. 3 Rules Refers to Licensed Activities 4/21/2005SenateSenate Floor Amendment No. 3 Recommend Do Adopt Licensed Activities; 006-000-000 4/21/2005SenateRecalled to Second Reading 4/21/2005SenateSenate Floor Amendment No. 3 Adopted; Righter 4/21/2005SenatePlaced on Calendar Order of 3rd Reading 4/21/2005SenateAdded as Co-Sponsor Sen. Mike Jacobs 4/21/2005SenateThird Reading - Passed; 055-000-000 4/21/2005SenateSenate Floor Amendment No. 2 Tabled Pursuant to Rule 5-4(a) 4/21/2005HouseArrived in House 4/21/2005HousePlaced on Calendar Order of First Reading 4/21/2005HouseChief House Sponsor Rep. Robert Rita 4/26/2005HouseFirst Reading 4/26/2005HouseReferred to Rules Committee 4/26/2005HouseReferred to Executive Committee 4/26/2005HouseAdded Alternate Chief Co-Sponsor Rep. David E. Miller 4/27/2005HouseAlternate Chief Sponsor Changed to Rep. Roger L. Eddy 4/27/2005HouseAdded Alternate Chief Co-Sponsor Rep. Robert Rita 4/27/2005HouseAdded Alternate Chief Co-Sponsor Rep. Elizabeth Coulson 5/13/2005HouseRule 19(a) / Re-referred to Rules Committee 5/16/2005HouseCommittee/Final Action Deadline Extended-9(b) May 31, 2005 5/16/2005HouseAssigned to Executive Committee 5/17/2005HouseMotion to Suspend Rule 25 - Prevailed 5/31/2005HouseRule 19(a) / Re-referred to Rules Committee 1/9/2007SenateSession Sine Die