House Journal: Page 961: Wednesday, April 2, 2003
30 generally understood by the general public and a copy
31 of the disclosure shall be provided to all pharmacies
32 that are members of the network.
33 Sec. . NEW SECTION. 155B.14 PRIVACY.
34 An enrollee has the right to privacy and
35 confidentiality in the provision of pharmacists'
36 services. This right may be expressly waived in
37 writing by the enrollee or the enrollee's guardian.
38 Sec. . NEW SECTION. 155B.15 INSOLVENCY.
39 1. If a pharmacy benefits manager becomes
40 insolvent or ceases to be a company in this state in
41 any assessable or license year, the company shall
42 remain liable for the payment of the assessment for
43 the period in which the company operated as a pharmacy
44 benefits manager in this state.
45 2. If a pharmacy benefits manager becomes
46 insolvent, the commissioner may, after notice and
47 hearing, levy an assessment, in addition to an
48 assessment pursuant to section 155B.8, on pharmacy
49 benefits managers licensed to do business in this
50 state. The assessments shall be paid quarterly to the
Page 13
1 commissioner, and upon receipt by the commissioner
2 shall be paid over into an escrow account in the
3 pharmacy benefits manager fund. The escrow account
4 shall be used solely for the benefit of enrollees of
5 the insolvent pharmacy benefits manager.
6 Sec. . NEW SECTION. 155B.16 PHARMACY BENEFITS
7 MANAGER FUND - USES - ESCROW ACCOUNT.
8 1. A pharmacy benefits manager fund is created in
9 the state treasury under the authority of the
10 commissioner of insurance. Moneys received from
11 licensure of pharmacy benefits managers pursuant to
12 section 155B.5, from examinations collected pursuant
13 to section 155B.7, and from assessments collected
14 pursuant to section 155B.8 shall be deposited in the
15 fund. Moneys in the fund shall be used and an amount
16 necessary is appropriated, annually, to the division
17 of insurance of the department of commerce for the
18 purposes of enforcing this chapter.
19 2. An escrow account is created in the pharmacy
20 benefits manager fund. Assessments collected pursuant
21 to section 155B.15 shall be deposited in the account
22 and are appropriated to the division of insurance of
23 the department of commerce to be used solely for the
24 benefit of the enrollees of an insolvent pharmacy
25 benefits manager."
26 2. By renumbering as necessary.
© 2003 Cornell College and
League of Women Voters of Iowa
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