A5577

Establishes a preferred drug list for State health benefit plans in New Jersey.

The bill mandates the State Treasurer to create and maintain a preferred drug list for the State Health Benefits Program and the School Employees' Health Benefits Program. The list will include drugs and non-drug items chosen based on clinical and economic merits. It prohibits pharmacy benefits managers from negotiating rebates on products on the preferred drug list and requires the State Treasurer to contract with drug manufacturers for supplemental rebates.