HF 2099: Relating to the regulation of pharmacy benefits managers

What it does

This bill relates to the regulation of pharmacy benefits managers (PBMs). Under current law, a PBM owes a duty of good faith and fair dealing to third-party payors. The bill expands that duty to pharmacies. The bill prohibits retaliation by a PBM against a pharmacy based on the pharmacy’s exercise of any right or remedy, or on the pharmacy’s cooperation with the commissioner. Prohibited retaliation includes terminating or refusing to renew a contract with a pharmacy, subjecting a pharmacy to increased audits, or withholding or failing to promptly pay the pharmacy any money owed by the PBM.

House subcommittee · named January 9, 2024

• Rep. Shannon Lundgren (R) · shannon.lundgren@legis.iowa.gov
• Rep. Brian Best (R)
• Rep. John Forbes (D)

Lobbying · 6 for, 0 against

For: ARJ Infusion Services, Inc.; Hy-Vee, Inc.; Iowa Insurance Division; Iowa Pharmacy Association; Iowa Primary Care Association; National Association of Benefits and Insurance Professionals-Iowa Chapter

In plain words

1. January 9, 2024Filed in the House and sent to the Commerce committee · as HSB 536
2. January 9, 2024House subcommittee named: Lundgren, Best and Forbes · as HSB 536
3. January 16, 2024Subcommittee recommended passing it · as HSB 536
4. January 18, 2024Approved by the House committee · as HSB 536
5. January 22, 2024Filed in the House
6. January 22, 2024Approved by the House committee, and given a new number: HF 2099 · as HSB 536
7. February 21, 2024Passed the House, 97–0
8. February 22, 2024Arrived in the Senate
9. April 17, 2024Took the place of SF 2357 on the Senate floor (the same legislation)
10. April 17, 2024Passed the Senate, 46–0
11. April 23, 2024Sent to the Governor
12. May 1, 2024Signed into law