Pharmacy benefit manager, technology platform, and data protection provisions modified relating to vendor contracts.

HF 2714 modifies Minnesota's rules for contracting with pharmacy benefit managers (PBMs) and technology platforms that manage state prescription drug programs. It requires the state commissioner to use a reverse auction process to select PBMs and mandates that the selected technology platform must automate claim adjudication, ensure data security (with SOC 2/NIST certification), and enable direct comparison of bid prices using standardized metrics like NADAC. The bill directly affects the state government (through the commissioner of management and budget), PBMs, and technology vendors by setting specific contractual terms, data access requirements, and annual market check obligations. Key provisions include prohibiting unilateral contract changes by PBMs, requiring fee-based payments to technology vendors, and ensuring automated payment validation through the platform.