This bill establishes a Prescription Drug Purchasing Program under the authority of the commissioner of human services in Minnesota, as outlined in the newly proposed section [256B.86]. The program aims to provide prescription drugs to medical assistance and MinnesotaCare enrollees at the lowest possible prices. The commissioner is tasked with obtaining discounted prescription drugs, maintaining a list of effective medications, administering benefits, and managing pharmacy claims. Additionally, the commissioner has the authority to negotiate prices with manufacturers and develop a preferred drug list, while also ensuring that pharmacies can participate in the program under set terms and conditions.

Furthermore, the bill mandates the commissioner to seek necessary federal approvals for the program's implementation and outlines a timeline for these actions. It also includes a provision for the expansion of the program to include enrollees from health plan companies that contract with the commissioner, with recommendations to be presented to legislative committees by December 15, 2027. The effective date for the program is set for January 1, 2027, or upon federal approval, whichever is later.