Clarifies pharmacy benefit manager requirements for cost savings and conflict of interest prevention.

The bill amends Minnesota Statutes to clarify requirements for the commissioner of management and budget regarding pharmacy benefit managers. It mandates that the commissioner compare actual prescription drug costs under a new contract with a projection of costs under the previous contract, adjusting for any formulary or beneficiary utilization changes. If savings are not achieved, the commissioner must provide a detailed report to the legislative auditor and relevant committees.

Clarifies pharmacy benefit manager requirements for cost savings and conflict of interest prevention.

The bill amends Minnesota Statutes to clarify requirements for the commissioner of management and budget regarding pharmacy benefit managers. It mandates that the commissioner compare actual prescription drug costs under a new contract with a projection of costs under the previous contract, adjusting for any formulary or beneficiary utilization changes. If savings are not achieved, the commissioner must provide a detailed report to the legislative auditor and relevant committees.