Minnesota SF1877 requires pharmacy benefit managers and health carriers to use prescription drug rebates and other compensation to benefit covered.

Minnesota SF1877 mandates that pharmacy benefit managers and health carriers must remit all compensation received from drug manufacturers directly to covered persons to reduce their out-of-pocket costs for prescription drugs. Compensation includes rebates, discounts, credits, fees, grants, chargebacks, or other payments. If a covered person's cost-sharing obligation for a drug is less than their out-of-pocket cost after applying the compensation, the pharmacy benefit manager or health carrier must apply the retained compensation to offset future premiums or costs for covered persons.

Minnesota SF1877 requires pharmacy benefit managers and health carriers to use prescription drug rebates and other compensation to benefit covered.

Minnesota SF1877 mandates that pharmacy benefit managers and health carriers must remit all compensation received from drug manufacturers directly to covered persons to reduce their out-of-pocket costs for prescription drugs. Compensation includes rebates, discounts, credits, fees, grants, chargebacks, or other payments. If a covered person's cost-sharing obligation for a drug is less than their out-of-pocket cost after applying the compensation, the pharmacy benefit manager or health carrier must apply the retained compensation to offset future premiums or costs for covered persons.