Another state has inked a law that takes aim at how pharmacy benefit managers do business. Last week, Iowa Gov. Kim Reynolds signed into law a piece of legislation that would bar PBMs from steering patients to specific pharmacies or choosing to exclude certain pharmacies from their networks in an unfair way. The bill mirrors similar legislation passed in Texas, Georgia, Indiana and Montana, Reynolds said in a statement. The law would require PBMs to reimburse independent or unaffiliated pharmacies at the same rate they pay affiliated facilities, and also pay dispensing fees for prescriptions.
Read the full article: Iowa Governor Signs Law That Tightens Oversight of PBMs //
Source: https://www.fiercehealthcare.com/payers/iowa-governor-signs-law-tightens-oversight-pbms