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90th General Assembly · Funnel one-pager · Monday, November 9, 2026

SF 2357: Relating to the regulation of pharmacy benefits managers

Died when the session ended · The General Assembly adjourned on April 19, 2024. Bills that didn’t pass both chambers died.

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.

Sponsors

Commerce (companion To Hf 2099 By Committee on Commerce) committee

Cost

No fiscal note

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. February 15, 2024Filed in the Senate
  2. February 15, 2024Approved by the Senate committee
  3. April 17, 2024Withdrawn

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/90/SF2357