Iowa SSB1207 regulates pharmacy benefits managers, pharmacies, and prescription drugs by setting reimbursement rules and prohibiting spread pricing.
Iowa SSB1207 introduces regulations for pharmacy benefits managers (PBMs), pharmacies, and prescription drugs. It mandates that PBMs reimburse pharmacies with five or fewer locations a $3 professional dispensing fee per prescription. For pharmacies with six or more locations in a pharmacy desert, PBMs must also provide a $3 fee. The bill defines a pharmacy desert as a geographic area with a single pharmacy at least thirty miles from the nearest pharmacy.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.