Illinois lawmakers are introducing new legislation aimed at creating a prescription drug affordability board to address the soaring costs of medication. The bill, House Bill 1443, is spearheaded by Sen. Robert Peters and Rep. Nabeela Syed, both Democrats, and aims to set upper payment limits in each step of the drug supply chain. The board would have the authority to cap prices on certain prescriptions, including those for cancer, autoimmune diseases, and diabetes.
The proposal is a response to the significant increase in drug prices in recent years, with Senator Peters emphasizing the need to prioritize people’s healthcare over profits. However, the bill has not yet received Republican support, and Governor JB Pritzker has not explicitly endorsed the board.
Advocates for the proposal argue that rising drug costs have led to patients rationing medication and hospitalizations that could have been avoided if medication were more affordable. The legislation is part of a broader effort to address escalating drug prices, with other states implementing similar affordability boards. Citizen Action/Illinois plans to hold a lobby day to garner support for the bill.
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