SPRINGFIELD – A new law from State Senator Dave Koehler will prevent drug manufacturers and distributors from spiking the cost of generic medicine.
“Every Illinoisan deserves affordable access to necessary medication,” said Koehler (D-Peoria). “This law prevents companies from robbing residents just for an extra buck.”
House Bill 3957 creates the Illinois Generic Drug Pricing Fairness Act, which prohibits price gouging of essential off-patent and generic medication.
“We need to take a stand for our residents and prohibit companies from these manipulative schemes,” said Koehler. “There should never be a situation when someone has to decide between picking up their medication or groceries for their family.”
House Bill 3957 takes effect Jan. 1, 2024.