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Pharmacy Benefit Managers

Bill # SF 512, HF 798
Bill Name Pharmacy Benefit Managers
House Action Passed
Senate Action Passed
Final Action

Signed

Details
SF 512 ultimately was revised to clarify some restrictions and duties of Pharmacy Benefit Managers (PBM) operating in Iowa. Additionally, a PBM Legislative Interim Committee is established to review transparency and disclosure arrangements between pharmacy benefits managers and covered entities; confidentiality protections for information disclosed to covered entities and remedies for unauthorized disclosure; and the ability of covered entities to audit pharmacy benefits managers.

The bill is effective Effective January 1, 2008