Prescription Drug Affordability Advisory Council eliminated, nondepository financial institution provisions modified, health plan regulatory alignment provided, duties transferred, premium security plan modified, appropriations reduced, and money appropriated.
Introduction and first reading, referred to Rules and Legislative Administration
Summary
The legislation dissolves Minnesota’s Prescription Drug Affordability Advisory Council and moves its duties to existing health‑care boards, while also transferring oversight of health‑maintenance organizations and county‑based purchasers to the commissioner of commerce. It appropriates $1.75 million for the commerce commissioner in FY2027 and reduces the Department of Health’s FY2027 budget by $3.586 million to fund the shift. The bill also updates rules for non‑depository financial institutions and the premium security plan.
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