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Thursday, July 3, 2025

Illinois enacts Prescription Drug Affordability Act to lower medication costs

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Kevin Schmidt, Illinois State Representative for 114th District | www.facebook.com

Kevin Schmidt, Illinois State Representative for 114th District | www.facebook.com

I co-sponsored legislation that lowers the cost for prescription drugs because Illinois families deserve it.

HB1697 will lower the cost of prescription drugs and will help keep the doors open for independent pharmacies in Illinois. The Prescription Drug Affordability Act will hold pharmacy benefit managers (PBMs) accountable for “steering” insured patients to their own affiliated pharmacies and will prohibit PBMs from charging an insurance plan one price for a given drug while reimbursing pharmacies at a lower rate for that same drug and pocketing the difference.

"This is a great bill and I’m happy to see the Governor sign it into law!"

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