Minnesota HF2714 modifies pharmacy benefit manager, technology platform, and data protection provisions in vendor contracts.
Minnesota HF2714 amends provisions for pharmacy benefit manager, technology platform, and data protection in vendor contracts. It mandates the commissioner to procure a contract for pharmacy benefit manager services, effective January 1, 2023, and use a reverse auction for procurement. The bill requires a technology platform to evaluate pharmacy benefit manager qualifications, automate repricing of drug pricing proposals, and perform an electronic claim-by-claim review.
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