1.1 	A bill for an act
1.2 	relating to health care; establishing a fiduciary duty between a pharmacy benefit 
1.3 	manager and a health carrier;amending Minnesota Statutes 2019 Supplement, 
1.4 	section 62W.04.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2019 Supplement, section 62W.04, is amended to read:
1.7 	62W.04 PHARMACY BENEFIT MANAGER GENERAL BUSINESS PRACTICES.
1.8 	(a) A pharmacy benefit manager has a fiduciary duty to a health carrier and must 
1.9 	discharge that duty in accordance with the provisions of state and federal law.
1.10 	(a) (b) A pharmacy benefit manager must exercise good faith and fair dealing in the 
1.11 	performance of its contractual duties. A provision in a contract between a pharmacy benefit 
1.12 	manager and a health carrier or a network pharmacy that attempts to waive or limit this 
1.13 	obligation is void.
1.14 	(b) (c) A pharmacy benefit manager must notify a health carrier in writing of any activity, 
1.15 	policy, or practice of the pharmacy benefit manager that directly or indirectly presents a 
1.16 	conflict of interest with the duties imposed in this section.