Ill. Senate Democrats: Murphy's Measure Will Make Medication Easier to Obtain in Shortages - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
March 7, 2024 Newswires
Share
Share
Post
Email

Ill. Senate Democrats: Murphy's Measure Will Make Medication Easier to Obtain in Shortages

Targeted News Service

SPRINGFIELD, Illinois, March 7 -- The Illinois Senate Democrats issued the following news:

Under a new measure proposed by State Senator Laura Murphy, medications could be easier to obtain during shortages.

"When you are a patient dealing with a long-term illness or condition, the last thing you want to hear is that your medication is out of stock, but the name brand -- which isn't covered by your insurance -- is in stock and you'll have to pay hundreds more just to get the medicine you need," said Murphy (D-Des Plaines). "It is even worse when you have to call every local pharmacy and get the same answer. We need to ensure better outcomes for our patients by ensuring that they have access to the medications that they need."

Murphy's measure would require health insurance and managed care plans to cover brand name prescription drugs if the generic drug is unavailable during a nationwide shortage.

Last summer, there were 309 ongoing drug shortages in the United States, marking the highest number in a decade. Among the medications affected are those used to treat cancer, diabetes, epilepsy and asthma. Insurance companies will typically cover either the generic or the brand name medication, but rarely both. During shortages, patients whose insurance only cover the generic are given the option to purchase the brand name medications at many times the normal cost.

"Making name brand medication accessible through insurance when generics aren't available not only saves patients money, it safeguards their health," Murphy said. "By creating this access, we promote equity in health care, ensuring that all individuals -- regardless of their financial status -- can receive the treatment they need."

Senate Bill 2672 passed the Senate Insurance Committee Wednesday. It now goes to the full Senate for further deliberation.

* * *

Original text here: https://www.illinoissenatedemocrats.com/caucus-news/40-senator-laura-murphy-news/5389-murphy-s-measure-will-make-medication-easier-to-obtain-in-shortages

Older

AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of WT Holdings, Inc. and Subsidiary

Newer

Ill. Senate Democrats: Hunter Leads Measure to Cap Cost of Inhalers

Advisor News

  • NAIFA: Financial professionals are essential to the success of Trump Accounts
  • Changes, personalization impacting retirement plans for 2026
  • Study asks: How do different generations approach retirement?
  • LTC: A critical component of retirement planning
  • Middle-class households face worsening cost pressures
More Advisor News

Annuity News

  • Edward Wilson Joins SEDA, Bringing Deep Expertise in Risk Management, Derivatives Trading and Institutional Prime Brokerage
  • Trademark Application for “INSPIRING YOUR FINANCIAL FUTURE” Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
  • Jackson Financial ramps up reinsurance strategy to grow annuity sales
  • Insurer to cut dozens of jobs after making splashy CT relocation
  • AM Best Comments on Credit Ratings of Teachers Insurance and Annuity Association of America Following Agreement to Acquire Schroders, plc.
More Annuity News

Health/Employee Benefits News

  • Red and blue states alike want to limit AI in insurance. Trump wants to limit the states.
  • CT hospital, health insurer battle over contract, with patients caught in middle. Where it stands.
  • $2.67B settlement payout: Blue Cross Blue Shield customers to receive compensation
  • Sen. Bernie Moreno has claimed the ACA didn’t save money. But is that true?
  • State AG improves access to care for EmblemHealth members
More Health/Employee Benefits News

Life Insurance News

  • Corporate PACs vs. Silicon Valley
  • IUL tax strategy at center of new lawsuit filed in South Carolina
  • National Life Group Announces 2025-2026 LifeChanger of the Year Grand Prize Winner
  • International life insurer Talcott to lay off more than 100 in Hartford office
  • International life insurer to lay off over 100 in Hartford office
Sponsor
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

LIMRA’s Distribution and Marketing Conference
Attend the premier event for industry sales and marketing professionals

Get up to 1,000 turning 65 leads
Access your leads, plus engagement results most agents don’t see.

What if Your FIA Cap Didn’t Reset?
CapLock™ removes annual cap resets for clearer planning and fewer surprises.

Press Releases

  • RFP #T22521
  • Hexure Launches First Fully Digital NIGO Resubmission Workflow to Accelerate Time to Issue
  • RFP #T25221
  • LIDP Named Top Digital-First Insurance Solution 2026 by Insurance CIO Outlook
  • Finseca & IAQFP Announce Unification to Strengthen Financial Planning
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet