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Senate committee advances bill to allow reverse auction for state employee PBM services
Summary
The Iowa Senate Health and Human Services Committee voted to advance Senate Study Bill 1017, which would authorize a reverse auction for pharmacy benefit manager (PBM) services for the state employee health plan; committee members discussed fiscal uncertainty and assurances that the state's formulary could be preserved in any procurement.
Senate Study Bill 1017, authorizing the state to conduct a reverse auction for pharmacy benefit manager services for the state employees' health plan, was advanced by the Iowa Senate Health and Human Services Committee on a committee vote after consideration of an amendment that narrowed the bill's scope.
Supporters said the bill would let the Department of Administrative Services (DAS) procure PBM services through a reverse-auction platform. "Senate study bill 10 17, is a bill, authorizing the state of Iowa to conduct a reverse auction for PBM services, as part of…
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