INS-COST SHARING/DRUG REBATES House SponsorsRep. Rita Mayfield-Robert "Bob" Rita, Camille Y. Lilly and Jenn Ladisch Douglass 1/7/2025HouseSession Sine Die 215 ILCS 5/356z.60 new Amends the Illinois Insurance Code. Provides that a group or individual policy of accident and health insurance amended, delivered, issued, or renewed on or after January 1, 2024 that provides coverage for prescription drugs shall require that a covered individual's defined cost sharing for each prescription drug shall be calculated at the point of sale based on a price that is reduced by an amount equal to at least 100% of all rebates received in connection with the dispensation or administration of the prescription drug. Provides that an insurer shall apply any rebate amount in excess of the defined cost sharing amount to the health plan to reduce premiums. Provides that the provisions shall not preclude an insurer from decreasing a covered individual's defined cost sharing by an amount greater than the stated amount at the point of sale. Provides that the Department of Insurance may adopt rules to implement the provisions. 12/21/2022HousePrefiled with Clerk by Rep. Rita Mayfield 1/12/2023HouseFirst Reading 1/12/2023HouseReferred to Rules Committee 2/15/2023HouseAssigned to Executive Committee 3/1/2023HouseAdded Co-Sponsor Rep. Camille Y. Lilly 3/8/2023HouseAdded Chief Co-Sponsor Rep. Robert "Bob" Rita 3/8/2023HouseChief Co-Sponsor Changed to Rep. Robert "Bob" Rita 3/10/2023HouseRule 19(a) / Re-referred to Rules Committee 2/9/2024HouseAdded Co-Sponsor Rep. Jenn Ladisch Douglass 1/7/2025HouseSession Sine Die