Requires state contracts for pharmacy benefit managers under health insurance plans for state officers and employees to be procured through a reverse.

This bill amends the civil service law to mandate that state contracts for pharmacy benefit managers under health insurance plans for state officers and employees be procured through a reverse auction process. The president must specify terms for the bidding agreement, including common definitions, prescription drug classifications, and retail pricing rules. The president will also procure a technology platform and professional services for the auction. The pharmacy benefit manager must provide access to complete pharmacy claims data. The act takes effect immediately.

Requires state contracts for pharmacy benefit managers under health insurance plans for state officers and employees to be procured through a reverse.

This bill amends the civil service law to mandate that state contracts for pharmacy benefit managers under health insurance plans for state officers and employees be procured through a reverse auction process. The president must specify terms for the bidding agreement, including common definitions, prescription drug classifications, and retail pricing rules. The president will also procure a technology platform and professional services for the auction. The pharmacy benefit manager must provide access to complete pharmacy claims data. The act takes effect immediately.