Texas HB4638 establishes the Texas Pharmaceutical Initiative, governed by a board appointed by the governor, to manage pharmacy benefit manager.

The Texas Pharmaceutical Initiative, governed by a board appointed by the governor, aims to manage pharmacy benefit manager services, establish a drug distribution network, and provide advanced pharmaceutical services. The board, composed of five members, is tasked with preparing a business plan detailing the initiative's organizational structure, procedures, compliance with conflict-of-interest laws, conditions for state agency participation, potential cost savings, and funding requirements.

Texas HB4638 establishes the Texas Pharmaceutical Initiative, governed by a board appointed by the governor, to manage pharmacy benefit manager.

The Texas Pharmaceutical Initiative, governed by a board appointed by the governor, aims to manage pharmacy benefit manager services, establish a drug distribution network, and provide advanced pharmaceutical services. The board, composed of five members, is tasked with preparing a business plan detailing the initiative's organizational structure, procedures, compliance with conflict-of-interest laws, conditions for state agency participation, potential cost savings, and funding requirements.