US EditionSaving Pharmacies or Raising Drug Costs? Iowa Gov. Kim Reynolds Signs Law Regulating PBMs
- On Wednesday, Iowa Governor Kim Reynolds signed Senate File 383 in Des Moines, imposing new restrictions on pharmacy benefit managers .
- The legislation aims to protect rural pharmacies and constrain prescription drug costs amid rising pharmacy closures and pharmacist advocacy.
- The law eliminates spread pricing, requires PBMs to reimburse at average state or national drug costs, and mandates appeal rights for pharmacies.
- More than 200 Iowa pharmacies closed since 2014, and ABI warns the bill could raise health care costs by $340 million annually.
- Governor Reynolds called the decision difficult but pledged ongoing monitoring to address unintended consequences and noted the reform is not the final step.
Insights by Ground AI
Does this summary seem wrong?
29 Articles
29 Articles
All
Left
4
Center
14
Right
3
Pharmacies will also join the voluntary price restriction, the Minister of National Economy announced on his social media page.
·Budapest, Hungary
Read Full Article
Pharmacies say new PBM law will stop pharmacies from closing
·Cedar Rapids, United States
Read Full Article
Waterloo Cedar Falls Courier+2 Reposted by 2 other sources
Iowa Gov. Kim Reynolds signs drug pricing bill into law
Third-party health care companies will face new restrictions designed to constrain prescription drug costs and protect rural pharmacies under legislation signed into law Wednesday.
·Waterloo, United States
Read Full Article
Oskaloosa Herald+8 Reposted by 8 other sources
Reynolds makes ‘difficult decision’ to sign bill on pharmacy benefit managers
Calling it a “difficult decision,” Gov. Kim Reynolds signed legislation Wednesday that’s intended to help keep rural pharmacies in business but could also lead to higher drug costs for Iowans.
Coverage Details
Total News Sources29
Leaning Left4Leaning Right3Center14Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 19%
C 67%
14%
Factuality
To view factuality data please Upgrade to Premium
