Legislative Session number- 82

Bill Name: SF1181

"Fair Drug Pricing Act"; requiring and providing for the commissioner of human
services to establish and administer a prescription drug rebate program to
provide affordable access to prescription drugs, authorizing the commissioner to
contract with a pharmacy benefit manager to administer the program and
specifying certain manufacturer rebate agreement requirements; defining certain
terms; specifying applicant eligibility and application requirements and certain
requirements of participating pharmacies; requiring commissioner periodic notice
to drug manufacturers of the amount of rebate owed on drugs sold by
participating pharmacies to enrolled individuals; requiring manufacturers to
provide a rebate equal to the rebate provided under the medical assistance (MA)
program for the drug; establishing the Minnesota prescription drug dedicated
fund for commissioner deposit of rebates received; providing for commissioner
distribution of amounts collected to participating pharmacies based on the
prescription drugs sold to individuals enrolled in the program, authorizing
deduction of an administrative fee to cover certain expenses of the
commissioner; appropriating money from the fund to the commissioner for
reimbursement to participating pharmacies for prescription drug discounts
provided to enrolled individuals and for certain administration costs; providing
for enforcement of the provisions (mk)