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Market Intelligence Resource | July 31, 2025

Illinois House Bill 1697: Prescription Drug Affordability Act

On June 4, 2025, the Illinois Legislature published this state house bill (HB) 1697: the Prescription Drug Affordability Act. The provisions of HB 1697 affect how PBMs negotiate prices between drug manufacturers, insurers, and pharmacies. To lower costs for families, HB 1697 prevents PBMs from inflating medication costs by using “spread pricing . . .

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