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New Law Aimed at Cost of Prescription Drugs and a Repository Program Signed by Gov. JB Pritzker

18 Aug 2021 7:51 AM | Anonymous

Gov. JB Pritzker on Monday (8.16.2021) signed into law a legislative package aimed at addressing the cost of prescription drugs. 

One law establishes a prescription drug repository program, which will allow unexpired and unopened prescription and over-the-counter medications to be returned to pharmacies and reused for eligible populations.

"(The program) opens up another avenue for Illinois healthcare to be able to help those who are underinsured or unemployed and not able to afford their medication,” Garth Reynolds, executive director of the Illinois Pharmacists Association, said in a statement.

Pritzker also signed a proposal that requires pharmacies to provide customers with the retail price of a prescription drug, in writing and electronically, prior to purchase and make it clear if a customer's cost-sharing price for a prescription exceeds the current pharmacy retail price.

"(The bill) establishes truth and transparency for the pharmaceutical industry," said Senate sponsor Scott M. Bennett, D-Champaign.

Both laws take effect Jan. 1, 2022.

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