Minnesota HF3708 clarifies the pharmacy benefit manager requirement by detailing the process for selecting a successor contract.

Minnesota HF3708 amends the process for selecting a successor pharmacy benefit manager contract. The commissioner of management and budget must compare actual prescription drug costs under the current contract with a projection based on the previous contract. If savings are not achieved, the commissioner must report findings, analysis, and recommendations. The legislative auditor must validate the commissioner's comparison and report to relevant committees. The commissioner may forego the reverse auction process if savings are not achieved.

Minnesota HF3708 clarifies the pharmacy benefit manager requirement by detailing the process for selecting a successor contract.

Minnesota HF3708 amends the process for selecting a successor pharmacy benefit manager contract. The commissioner of management and budget must compare actual prescription drug costs under the current contract with a projection based on the previous contract. If savings are not achieved, the commissioner must report findings, analysis, and recommendations. The legislative auditor must validate the commissioner's comparison and report to relevant committees. The commissioner may forego the reverse auction process if savings are not achieved.