A bill for an act relating to insurance coverage for prescription insulin drugs.

SF 2047 requires most health insurance plans in Iowa to cap out-of-pocket costs for covered insulin prescriptions at $25 per prescription for a 31-day supply. This applies to four specific insulin types: rapid-acting, short-acting, intermediate-acting, and long-acting. The law affects insured individuals with diabetes who use covered insulin drugs under qualifying health plans, effective January 1, 2027. It does not apply to certain specialized coverage like Medicare supplements or short-term medical plans.