MN HF743

Health plan companies and pharmacy benefits managers are prohibited from charging consumers more than the lowest applicable cost for covered prescription medications at the point of sale.

"Allowable cost to consumers" is defined as the lowest of three amounts: the applicable co-payment, the allowable claim amount, or the price an individual would pay purchasing the medication without using their health plan benefit.

Amends Minnesota Statutes 2018, section 151.71, by adding a new subdivision 3 addressing lowest cost to consumers.

Authored by Bahner, Elkins, Acomb, Mann, Liebling and others in the 91st legislative session, referred to the Committee on Health and Human Services Policy.