There is a newer version of the Iowa Code
2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 510B - REGULATION OF PHARMACY BENEFITS MANAGERS
510B.7 - DUTIES TO PHARMACY NETWORK PROVIDERS.
510B.7 DUTIES TO PHARMACY NETWORK PROVIDERS.
1. A pharmacy benefits manager shall not mandate basic
recordkeeping that is more stringent than that required by state or
federal law or regulation.
2. If a pharmacy benefits manager receives notice from a covered
entity of termination of the covered entity's contract, the pharmacy
benefits manager shall notify, within ten working days of the notice,
all pharmacy network providers of the effective date of the
termination.
3. Within three business days of a price increase notification by
a manufacturer or supplier, a pharmacy benefits manager shall adjust
its payment to the pharmacy network provider consistent with the
price increase. Section History: Recent Form
2007 Acts, ch 193, §7, 9
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