Letter: Create a Prescription Drug Affordability Board in Illinois - 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
February 29, 2024 Newswires
Share
Share
Tweet
Email

Letter: Create a Prescription Drug Affordability Board in Illinois

Dispatch-Argus, The (Moline, IL)

I am a disability advocate for the Illinois-Iowa Center for Independent Living serving people with disabilities in Rock Island, Henry and Mercer Counties in Illinois. I am writing in support of Illinois creating a Prescription Drug Affordability Board.

Consider an individual's diagnosis with traumatic life changing conditions such as MS, cancer, Parkinson's, diabetes, etc. To treat these health conditions, medication is extremely costly to the individual, but not to the manufacturer.

Everyday people with disabilities with underlying diagnosis such as the above mentioned are faced with the daily decision to either purchase the prescription, paying their rent, and/or buying groceries. High-cost drugs account for nearly one-third of all insurance premiums. As the cost of prescription drugs continues to grow, insurance companies will keep raising premiums on our diverse communities to compensate for the cost.

A Prescription Drug Affordability Board would have the potential to curb skyrocketing costs of vital medications and provide much needed relief to patients across our state. By combining data-driven research with input from a diverse group of stakeholders, that includes people with disabilities, seniors, and individuals with low to middle income, Prescription Drug Affordability Board can identify which drugs pose them most significant challenges and set limits to out-of-pocket cost for individuals.

A Prescription Drug Affordability Board is a sensible solution to a problem, if not reign in and controlled, will have devastating effects on our diverse communities. This ensures that all Illinoisans will pay only what is fair for the prescriptions they need.

Hershel Jackson

Disability Advocate

Illinois-Iowa Center for Independent Living

Rock Island

Older

Facing the healthcare beast

Newer

Aviva and Howden partner to insure innovative solar subscription service start-up

Advisor News

  • A new era of advisor support for caregiving
  • Millennial Dilemma: Home ownership or retirement security?
  • How OBBBA is a once-in-a-career window
  • RICKETTS RECAPS 2025, A YEAR OF DELIVERING WINS FOR NEBRASKANS
  • 5 things I wish I knew before leaving my broker-dealer
More Advisor News

Annuity 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 News

Health/Employee Benefits News

  • D.C. Digest: Oklahoma House delegation touts GOP health insurance bill
  • Ramstad: Picking up what’s left of UCare is the biggest gamble Medica has ever taken
  • Our healthcare costs will break us all
  • Editorial: Medicaid fraud is a problem. But so is a lack of understanding about the program.
  • Jeffries vows to 'pressure' Senate on health care insurance subsidies
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • A new era of advisor support for caregiving
  • An Application for the Trademark “HUMPBACK” Has Been Filed by Hanwha Life Insurance Co., Ltd.: Hanwha Life Insurance Co. Ltd.
  • ROUNDS LEADS LEGISLATION TO INCREASE TRANSPARENCY AND ACCOUNTABILITY FOR FINANCIAL REGULATORS
  • The 2025-2026 risk agenda for insurers
  • Jackson Names Alison Reed Head of Distribution
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

  • Two industry finance experts join National Life Group amid accelerated growth
  • National Life Group Announces Leadership Transition at Equity Services, Inc.
  • SandStone Insurance Partners Welcomes Industry Veteran, Rhonda Waskie, as Senior Account Executive
  • Springline Advisory Announces Partnership With Software And Consulting Firm Actuarial Resources Corporation
  • Insuraviews Closes New Funding Round Led by Idea Fund to Scale Market Intelligence Platform
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