Establishes a prescription drug purchasing pool for certain health benefit plan issuers and employers in Texas.

The bill creates a prescription drug purchasing pool for health benefit plan issuers, qualified public employers, and qualified private employers in Texas. The pool allows these entities to purchase prescription drugs for their employees, dependents, and retirees at discounted rates. The comptroller of public accounts will establish the pool and set rules for its administration, including eligibility criteria, contribution methods, and disenrollment procedures. Participants can also opt for stop loss coverage negotiated by the comptroller.

Establishes a prescription drug purchasing pool for certain health benefit plan issuers and employers in Texas.

The bill creates a prescription drug purchasing pool for health benefit plan issuers, qualified public employers, and qualified private employers in Texas. The pool allows these entities to purchase prescription drugs for their employees, dependents, and retirees at discounted rates. The comptroller of public accounts will establish the pool and set rules for its administration, including eligibility criteria, contribution methods, and disenrollment procedures. Participants can also opt for stop loss coverage negotiated by the comptroller.