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

This bill authorizes New Jersey to quickly procure a pharmacy benefits manager for its State Health Benefits Program and School Employees' Health Benefits Program through an expedited, non-advertised process. The State will use automated reverse auction technology to compare vendor pricing and an electronic system to review pharmacy claims in real time, with the goal of securing competitive rates and improving oversight. The legislation modifies standard procurement rules to shorten review timelines, allow online advertising instead of formal publication, and exclude certain pricing disclosures during negotiations. A report detailing the auction results, savings achieved, and any procedural deviations must be submitted to the Governor and Legislature within 60 days of contract award.