House Journal: Page 955: Wednesday, April 2, 2003
36 manager notice of the assessment, which shall be paid
37 to the board on or before March 1 of each year. A
38 pharmacy benefits manager that fails to pay the
39 assessment on or before the date prescribed shall be
40 subject to a penalty imposed by the board which is ten
41 percent of the assessment and interest for the period
42 between the due date and the date of full payment. If
43 a payment is made in an amount later found to be in
44 error, the following shall apply:
45 a. If the error found is an underpayment and an
46 additional amount is due, the commission shall notify
47 the company of the additional amount and the company
48 shall pay the additional amount within fourteen days
49 of the date of the notice.
50 b. If the error found is an overpayment, a refund
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1 shall be ordered.
2 4. If an assessment made under this chapter is not
3 paid to the board by the prescribed date, the amount
4 of the assessment, penalty, and interest may be
5 recovered from the defaulting company on motion of the
6 board made in the name and for the use of the state in
7 the appropriate court after ten days' notice to the
8 company. The certificate of authority of a defaulting
9 company to transact business in this state may be
10 revoked or suspended by the board until the company
11 has paid the assessment.
12 Sec. . NEW SECTION. 155B.9 PHARMACY BENEFITS
13 MANAGER CONTRACTS.
14 1. A pharmacy benefits manager that contracts with
15 a pharmacy or pharmacist to provide pharmacists'
16 services through a pharmacy management plan for
17 enrollees in this state shall file the contract with
18 the board thirty days before the execution of the
19 contract. The contract shall be deemed approved
20 unless the board disapproves the contract within
21 thirty days after the contract is filed with the
22 board.
23 2. Disapproval of the contract shall be in
24 writing, stating the reasons for the disapproval, and
25 a copy of the written disapproval shall be delivered
26 to the pharmacy benefits manager.
27 3. The board, consistent with the board's
28 responsibility for protecting the public interest,
29 shall develop formal criteria for the approval and
30 disapproval of pharmacy benefits manager contracts.
31 4. The pharmacy benefits manager shall provide a
32 contract to the pharmacy or pharmacist that is written
33 in plain language that is generally understood by
34 pharmacists.
© 2003 Cornell College and
League of Women Voters of Iowa
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