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Minnesota governor signs PBM licensure bill

by NCPA | May 20, 2019

Minnesota Gov. Tim Walz (D) has signed SF 278, the Minnesota Pharmacy Benefit Manager Licensure and Regulation Act which will require licensure of PBMs in Minnesota. The bill passed unanimously in the Senate and with only two dissenting votes in the House.

The legislation is Minnesota's first step to license and regulate PBMs. Kudos to the Minnesota Pharmacists Association for their leadership in getting the bill passed. Minnesota is home to OptumRx and Prime Therapeutics and has a significant PBM employee footprint in Minnesota, but the measure passed on bipartisan votes.