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
Tweet
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

  • Bill that could expand access to annuities headed to the House
  • Private equity, crypto and the risks retirees can’t ignore
  • Will Trump accounts lead to a financial boon? Experts differ on impact
  • Helping clients up the impact of their charitable giving with a DAF
  • 3 tax planning strategies under One Big Beautiful Bill
More Advisor News

Annuity News

  • An Application for the Trademark “EMPOWER INVESTMENTS” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
  • Bill that could expand access to annuities headed to the House
  • LTC annuities and minimizing opportunity cost
  • Venerable Announces Head of Flow Reinsurance
  • 3 tax planning strategies under One Big Beautiful Bill
More Annuity News

Health/Employee Benefits News

  • Insurer switches Tacoma health systems for coverage on individual plans
  • Harrisburg council faces steep health insurance increase
  • Data on Managed Care Detailed by Researchers at Louisiana State University (Uptake of Medicaid Billing for Community Health Worker Services In Louisiana, 2022-2023): Managed Care
  • Research Results from Graduate School of Pharmaceutical Sciences Update Knowledge of Health Economics (Overview of the Japanese Rapid Introduction Premium as a drug pricing framework to enhance patient access to innovative drugs): Economics – Health Economics
  • Researchers from Dar Es Salaam Detail New Studies and Findings in the Area of Mental Health Diseases and Conditions (Developing a regional mental health plan for Dar es Salaam, Tanzania: Results from a situational analysis, qualitative inquiry, …): Mental Health Diseases and Conditions
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • On the Move: Dec. 4, 2025
  • Judge approves PHL Variable plan; could reduce benefits by up to $4.1B
  • Seritage Growth Properties Makes $20 Million Loan Prepayment
  • AM Best Revises Outlooks to Negative for Kansas City Life Insurance Company; Downgrades Credit Ratings of Grange Life Insurance Company; Revises Issuer Credit Rating Outlook to Negative for Old American Insurance Company
  • AM Best Affirms Credit Ratings of Bao Minh Insurance Corporation
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

Slow Me the Money
Slow down RMDs … and RMD taxes … with a QLAC. Click to learn how.

ICMG 2026: 3 Days to Transform Your Business
Speed Networking, deal-making, and insights that spark real growth — all in Miami.

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

Press Releases

  • Altara Wealth Launches as $1B+ Independent Advisory Enterprise
  • A Heartfelt Letter to the Independent Advisor Community
  • 3 Mark Financial Celebrates 40 Years of Partnerships and Purpose
  • Hexure Launches AI Enabled Version of Its Platform to Power Life Insurance Sales
  • National Life Group Board Approves Dividends for 2026
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
© 2025 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