91st General Assembly · Iowa Funnel one-pager · Monday, November 9, 2026
SSB 1207: Relating to pharmacy benefits managers, pharmacies, and prescription drugs
Died when the session ended · The 2026 session adjourned on May 3, 2026, the General Assembly’s last regular session. Bills that didn’t pass both chambers died.
What it does
This bill relates to pharmacy benefits managers, pharmacies, and prescription drugs. _____ pharmacy services, exclusively through a mail order pharmacy. “Specialty drug” is defined in the bill. Under the bill, 100 percent of all rebates received by a PBM shall be passed through to the health carrier or employer plan sponsor to reduce premiums. “Pass-through pricing” is defined in the bill. Under the bill, for a prescription filled at a pharmacy with five or less locations, a PBM shall reimburse the pharmacy or pharmacist a $3 professional dispensing fee.
Sponsors
Not listed
Cost
No fiscal note
Senate subcommittee · named March 5, 2025
- Sen. Mike Bousselot (R) · mike.bousselot@legis.iowa.gov
- Sen. Mike Klimesh (R) · mike.klimesh@legis.iowa.gov
- Sen. Izaah Knox (D) · izaah.knox@legis.iowa.gov
Lobbying · 6 for, 3 against
For: Casey's General Stores; Heavy Highway Contractors Association; Iowa Bankers Insurance & Services, Inc.; Iowa Business Council; Laborers International Union of North America; National Association of Benefits and Insurance Professionals-Iowa Chapter
Against: Hy-Vee, Inc.; Independent Pharmacy Cooperative; Iowa Pharmacy Association
In plain words
- March 5, 2025Filed in the Senate and sent to the Commerce committee
- March 5, 2025Senate subcommittee named: Bousselot, Klimesh and Knox
- March 6, 2025Subcommittee recommended passing it with changes
From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/91/SSB1207