Bill > SF3055

This bill modifies provisions related to how Minnesota procures and manages pharmacy benefit managers (PBMs) and technology platforms for prescription drug services. The bill updates requirements for procuring a pharmacy benefit manager through a reverse auction process, where vendors competitively bid to provide services, with the commissioner of management and budget having significant oversight. The technology platform vendor must now have robust capabilities to host an online auction, automate complex prescription drug pricing comparisons, and ensure data security through specific certifications. The bill prohibits awarding the technology platform contract to PBMs or their affiliates and requires strict data protection measures, including preventing unauthorized data access, prohibiting data sales, and restricting data dissemination. Additionally, the bill provides flexibility for future procurement by allowing the commissioner to separate prescription drug and pharmacy benefit management services if desired. The changes aim to enhance transparency, cost-effectiveness, and data security in the state's prescription drug benefit management process, with ongoing market checks and performance evaluations to ensure optimal vendor performance.

Government Affairs

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF3055&ssn=0&y=2025