Ill. Senate Democrats: Hunter Leads Measure to Cap Cost of Inhalers
Targeted News Service
SPRINGFIELD, Illinois, March 7 -- The Illinois Senate Democrats issued the following news:
To help alleviate the financial burden on individuals with asthma, State Senator Mattie Hunter is leading a measure to limit the out-of-pocket costs for prescription inhalers.
"As someone with asthma, I know how expensive it is to get the medicine I need to breathe," said Hunter (D-Chicago). "For families needing multiple inhalers a month, the costs quickly add up, forcing some to choose between their medication and other necessities."
Senate Bill 3203 limits the cost an individual with health insurance pays for an inhaler to $25 for a 30-day supply. Under Hunter's proposal, health insurance providers would be prohibited from denying or limiting coverage for prescription inhalers beginning Jan. 1, 2026.
According to Illinois Department of Public Health data from 2018, more than 850,000 adults and 160,000 children in the state are diagnosed with asthma. Despite insurance coverage, many individuals still face out-of-pocket expenses ranging from $180 to $300 per month for inhalers. This legislation aims to alleviate this financial burden on asthma patients.
"This bill will help ensure equitable access to asthma treatment," said Hunter. "By requiring insurance coverage and limiting out-of-pocket costs for prescription inhalers, we can remove barriers for individuals managing this chronic condition."
Senate Bill 3203 passed the Senate Insurance Committee on Wednesday.
Ill. Senate Democrats: Murphy's Measure Will Make Medication Easier to Obtain in Shortages
ICA Welcomes Consultation Paper on Standard Definitions Image
Advisor News
- RICKETTS RECAPS 2025, A YEAR OF DELIVERING WINS FOR NEBRASKANS
- 5 things I wish I knew before leaving my broker-dealer
- Global economic growth will moderate as the labor force shrinks
- Estate planning during the great wealth transfer
- Main Street families need trusted financial guidance to navigate the new Trump Accounts
More Advisor NewsAnnuity News
- An Application for the Trademark “DYNAMIC RETIREMENT MANAGER” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
- Product understanding will drive the future of insurance
- Prudential launches FlexGuard 2.0 RILA
- Lincoln Financial Introduces First Capital Group ETF Strategy for Fixed Indexed Annuities
- Iowa defends Athene pension risk transfer deal in Lockheed Martin lawsuit
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- The 2025-2026 risk agenda for insurers
- Jackson Names Alison Reed Head of Distribution
- Consumer group calls on life insurers to improve flexible premium policy practices
- Best’s Market Segment Report: Hong Kong’s Non-Life Insurance Segment Shows Growth and Resilience Amid Market Challenges
- Product understanding will drive the future of insurance
More Life Insurance News