Minnesota SF1574 mandates the selection of a state pharmacy benefit manager through a competitive procurement process, requires a master contract.

Minnesota SF1574 requires the Commissioner of Human Services to select a state pharmacy benefit manager through a competitive procurement process. The bill mandates the commissioner to establish eligibility criteria for applicants, enter into a master contract with the selected manager, and modify managed care contracts as necessary. The state pharmacy benefit manager will be responsible for processing pharmacy claims, developing a drug formulary, and negotiating drug prices. The commissioner must approve or disapprove all reimbursement rates and fees for drugs by managed care plans.

Minnesota SF1574 mandates the selection of a state pharmacy benefit manager through a competitive procurement process, requires a master contract.

Minnesota SF1574 requires the Commissioner of Human Services to select a state pharmacy benefit manager through a competitive procurement process. The bill mandates the commissioner to establish eligibility criteria for applicants, enter into a master contract with the selected manager, and modify managed care contracts as necessary. The state pharmacy benefit manager will be responsible for processing pharmacy claims, developing a drug formulary, and negotiating drug prices. The commissioner must approve or disapprove all reimbursement rates and fees for drugs by managed care plans.