SB0503: Pharmacy benefit administration.

Legislative Summary

Pharmacy benefit administration. Requires the attorney general to designate or appoint a pharmacy benefit compliance officer if certain prescription drug benefit public-private partnership contracts are entered into by the state. Establishes the pharmacy benefit compliance fund. Authorizes: (1) the state personnel department, for purposes of the state employee health plan; and (2) the office of the secretary of family and social services (office), for purposes of the Medicaid program; to issue a request for proposal to enter into a public-private partnership to administer prescription drug benefits. Sets forth certain requirements for a request for proposal and establishes the competitive proposal procedure. Allows the budget committee to review a contract before the state personnel department or the office awards a final contract for the public-private partnership. Requires that, if the state personnel department or the office enter into a contract for the public-private partnership, the attorney general conduct a state employee health plan audit or a Medicaid audit at least three years after the implementation of the contract. Makes an appropriation.