INSURANCE/HEALTH: Provides relative to pharmacy benefit managers (RE +$3,187,173 SG EX See Note)

Summary

The bill revises state statutes governing pharmacy benefit managers, directing that the state obtain PBM services using a reverse‑auction process. It would impact state agencies that contract for PBM services and the PBM firms that bid for those contracts, with the goal of increasing competition and lowering costs. The measure has cleared the House and is moving through the Senate.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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