Fair pricing in community pharmacy reimbursement required.

This bill requires community pharmacies in Minnesota to receive reimbursement for prescription drugs that is at least equal to the National Average Drug Acquisition Cost or Wholesale Acquisition Cost, plus a professional dispensing fee adjusted for inflation and operational costs. It directly affects pharmacy benefit managers, managed care organizations, and community pharmacies by prohibiting below-cost reimbursements, banning negative adjustments like transaction fees, and ensuring PBM-owned pharmacies cannot receive higher rates than independent community pharmacies for the same prescriptions. The law also excludes federal 340B program participants from these reimbursement requirements, allowing them to follow existing federal and state rules instead.