Illinois House Bill 4429 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Introduced on January 12 2016 - 25% progression, died in committee
Action: 2016-04-08 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the State Prompt Payment Act. Provides that after the effective date of the amendatory Act, any bill approved for payment under the Act and pursuant to a health benefit plan under the State Employees Group Insurance Act of 1971 or submitted under Article V of the Illinois Public Aid Code, except a bill for pharmacy or nursing facility services or goods, if payment is not issued to the payee in a timely manner under the Section, the following interest penalty shall apply to any amount approved and unpaid until final payment is made: the sum of the prime commercial rate plus 4.0% per year, applied pro rata for the amount of time the bill remains unpaid. Defines "prime commercial rate". Amends the Illinois Insurance Code. In provisions concerning timely payment for health care services, provides that the interest to be charged on late payments of periodic payments, payments by independent practice associations and physician-hospital organizations, and payments by health insurers, health maintenance organizations, managed care plans, health care plans, preferred provider organizations, and third party administrators shall be the sum of the prime commercial rate plus 4.0% per year. Defines "prime commercial rate". Amends the State Employees Group Insurance Act of 1971. Provides that the program of health benefits offered under the Act is subject to certain provisions of the Illinois Insurance Code concerning late payments and assignability except as otherwise provided.

PROMPT PAYMENT-LATE PAYMENT

Rep. Elaine Nekritz [D]

Rep. David Harris [R]

Rep. Robert Rita [D]

Rep. Al Riley [D]

Date	Chamber	Action
2016-04-08	House	Rule 19(a) / Re-referred to Rules Committee
2016-03-09	House	Added Co-Sponsor Rep. Al Riley
2016-03-03	House	Added Chief Co-Sponsor Rep. David Harris
2016-03-01	House	Added Co-Sponsor Rep. Robert Rita
2016-02-24	House	To Finance Subcommittee
2016-02-23	House	Assigned to Revenue & Finance Committee
2016-01-15	House	Referred to Rules Committee
2016-01-15	House	First Reading
2016-01-12	House	Filed with the Clerk by Rep. Elaine Nekritz

Chapter	Article	Section	Citation Type	Statute Text
215	5	368a	Amended Code	Citation Text
30	540	3-2	Amended Code	Citation Text
5	375	6.12	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4429&GAID=13&DocTypeID=HB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/HB/09900HB4429.htm