Minnesota HF2047 requires health carriers to pass all rebates to enrollees and prohibits disclosure of rebate information.

Minnesota HF2047 mandates that health carriers must pass all rebates and discounts directly to enrollees, reducing their cost-sharing at the point of sale. The bill defines "rebate" as negotiated price concessions and "price protection rebate" as concessions when drug costs rise. Rebate information is classified as a trade secret and cannot be disclosed directly or indirectly. Health carriers and pharmacy benefit managers face sanctions, including civil penalties and license revocation, for non-compliance.

Minnesota HF2047 requires health carriers to pass all rebates to enrollees and prohibits disclosure of rebate information.

Minnesota HF2047 mandates that health carriers must pass all rebates and discounts directly to enrollees, reducing their cost-sharing at the point of sale. The bill defines "rebate" as negotiated price concessions and "price protection rebate" as concessions when drug costs rise. Rebate information is classified as a trade secret and cannot be disclosed directly or indirectly. Health carriers and pharmacy benefit managers face sanctions, including civil penalties and license revocation, for non-compliance.