Pharmacy benefit manager requirement clarified.
HF 3708 requires Minnesota's commissioner of management and budget to compare actual prescription drug costs under the current pharmacy benefit manager (PBM) contract (2023-2024) with projected costs under the previous contract (2018-2022), adjusting for formulary or utilization changes. The commissioner must report this comparison to the legislative auditor and relevant committees by March 1, 2025, using industry-recognized data. The legislative auditor then verifies the accuracy of this report by April 1, 2025. If the comparison shows no savings (after adjustments), the state may skip the reverse auction process for selecting a new PBM; if savings were achieved, the reverse auction must be used for the next contract. This directly affects how Minnesota selects future state health program PBMs.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 25, 2026
Last action Feb 25, 2026
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Full legislative history
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1
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Feb 25, 2026
Introduced
Introduction and first reading, referred to State Government Finance and Policy
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Steve Elkins
DDemocratic-Farmer-Labor
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