Minnesota HF3931 regulates pharmacy benefit managers by prohibiting spread pricing, increasing license fees, limiting income sources, imposing.

Minnesota HF3931 amends state statutes to regulate pharmacy benefit managers (PBMs) by prohibiting spread pricing, increasing license fees, limiting permissible income sources, imposing fiduciary duties, and appropriating funds. The bill prohibits PBMs from engaging in spread pricing, where the contracted price for prescription drugs differs from the amount paid to the pharmacy. PBMs must not charge pharmacies fees related to claim adjudication. License application fees for PBMs are increased, and renewal fees are established.

Minnesota HF3931 regulates pharmacy benefit managers by prohibiting spread pricing, increasing license fees, limiting income sources, imposing.

Minnesota HF3931 amends state statutes to regulate pharmacy benefit managers (PBMs) by prohibiting spread pricing, increasing license fees, limiting permissible income sources, imposing fiduciary duties, and appropriating funds. The bill prohibits PBMs from engaging in spread pricing, where the contracted price for prescription drugs differs from the amount paid to the pharmacy. PBMs must not charge pharmacies fees related to claim adjudication. License application fees for PBMs are increased, and renewal fees are established.