Provides for procurement by State of pharmacy benefits manager, automated reverse auction services, and claims adjudication services.

This bill allows New Jersey to expedite the procurement of pharmacy benefits manager (PBM) services, automated reverse auction services, and claims adjudication for the State Health Benefits Program and School Employees’ Health Benefits Program. It requires the Division of Purchase and Property to use a streamlined process - soliciting proposals from qualified vendors without formal advertising and conducting an automated reverse auction to secure competitive pricing. The bill modifies standard procurement rules to shorten timelines, such as limiting the Comptroller’s review to 10 business days and waiving certain advertising requirements. Within 60 days of awarding the contract, the state must report savings and procurement details to the Governor, Legislature, and the public.