Minnesota SF3055 modifies provisions for technology platforms, pharmacy benefit managers, and data protection in vendor contracts.

Minnesota SF3055 amends state statutes to revise the procurement process for pharmacy benefit managers and the technology platform used in their selection. The bill mandates the commissioner of management and budget to procure a contract for pharmacy benefit manager services through a competitive reverse auction process, effective January 1, 2023. It also requires the procurement of a technology platform to evaluate pharmacy benefit manager bids, adjudicate prescription drug claims, and collect reimbursement data. The platform must ensure data security and comply with specific standards.

Minnesota SF3055 modifies provisions for technology platforms, pharmacy benefit managers, and data protection in vendor contracts.

Minnesota SF3055 amends state statutes to revise the procurement process for pharmacy benefit managers and the technology platform used in their selection. The bill mandates the commissioner of management and budget to procure a contract for pharmacy benefit manager services through a competitive reverse auction process, effective January 1, 2023. It also requires the procurement of a technology platform to evaluate pharmacy benefit manager bids, adjudicate prescription drug claims, and collect reimbursement data. The platform must ensure data security and comply with specific standards.