MN HF3012

Health plan companies and pharmacy benefits managers cannot require individuals to pay more than the lowest applicable cost at the point of sale for covered prescription medications.

"Allowable cost to consumers" is defined as the lowest of three amounts: the applicable co-payment, the allowable claim amount, or the cash price without using insurance benefits.

Amends Minnesota Statutes 2016, section 151.71, by adding a new subdivision addressing lowest cost requirements.

Authored by Peterson, Hamilton, Zerwas, Gruenhagen, and Freiberg; referred to the Committee on Health and Human Services Reform.