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flag Illinois advances bill to regulate PBMs, aiming to lower drug costs and aid independent pharmacies.

flag Illinois lawmakers have advanced a bill to regulate pharmacy benefit managers (PBMs), aiming to lower prescription costs and support independent pharmacies. flag The bill bans practices like patient steering and spread pricing, where PBMs inflate drug costs. flag It also requires PBMs to pass all rebates to insurance plans and disclose pricing details annually. flag The legislation, which passed the Senate, now awaits further approval in the House and aims to benefit rural and underserved areas by reducing pharmacy costs.

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