Today, Gov. JB Pritzker signed HB 465 into law helping Illinoisans afford lifesaving medications.
HB 465 will make health care more accessible and affordable for Illinoisans by requiring the value of copay cards to be applied towards a covered individual’s out-of-pocket costs.
This bill bans copay accumulator policies in addition to regulating pharmacy benefit managers. HB 465 was sponsored by Rep. Greg Harris (D-Chicago) in the House and Sen. Andy Manar (D-Bunker Hill).
Copay accumulator policies are an unfriendly consumer practice where insurance companies don’t count the value of a copay card to an individual’s out-of-pocket costs.
Copay assistance programs are critical for people living with HIV and other chronic diseases, as the cost of prescription drugs for these diseases tends to be even higher.
AFC thanks Leader Harris and Sen. Manar for their leadership on getting HB 465 passed this past legislative session.
