SF 284: Relating to pharmacy benefits manager reverse auctions and group insurance for public employees

What it does

This bill relates to pharmacy benefits manager reverse auctions and group insurance for public employees. “Pharmacy benefits manager reverse auction” (reverse auction) is defined in the bill as an automated, transparent, and competitive bidding process conducted online that starts with an opening round of bids and allows qualified pharmacy benefits manager (PBM) bidders to counter-offer a lower price for as many rounds of bidding as determined by the department of administrative services (DAS) for a multiple health plan prescription drug purchasing group.

Senate subcommittee · named March 1, 2023

• Sen. Mike Klimesh (R) · mike.klimesh@legis.iowa.gov
• Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
• Sen. Janet Petersen (D) · janet.petersen@legis.iowa.gov

Lobbying · 1 for, 4 against

For: Nomi Health

Against: Cigna Corporate Services, LLC; Federation of Iowa Insurers; Pharmaceutical Care Management Association; Wellmark, Inc.

In plain words

1. February 14, 2023Filed in the Senate and sent to the Commerce committee
2. February 21, 2023Senate subcommittee named: Klimesh, Brown and Petersen
3. February 22, 2023Subcommittee recommended passing it with changes
4. February 23, 2023Approved by the Senate committee
5. February 28, 2023Sent to the Senate Ways and Means committee
6. March 1, 2023Senate subcommittee named: Klimesh, Dawson and Petersen
7. March 21, 2023Subcommittee recommended passing it with changes
8. March 22, 2023Approved by the Senate committee, and given a new number: SF 554