N.H. Rev. Stat. § 21-I:96

Current through Chapter 381 of the 2024 Legislative Session

Section 21-I:96 - Purpose and Intent

The purpose and intent of this subdivision is to authorize the commissioner of the department of administrative services, with the approval of the governor and the executive council, to establish the New Hampshire prescription drug competitive marketplace in accordance with this subdivision. The objective of this subdivision is to optimize prescription drug savings by the state of New Hampshire through the following:

I. Adoption of a dynamically competitive reverse auction process for the state health plan selection of pharmacy benefit managers (PBM).

II. Ongoing, real-time electronic review and validation of PBM claims invoices as the foundation for reconciling pharmacy bills.

III. Conduct of market checks using technology driven evaluation of the incumbent PBM's prescription drug pricing based on benchmark comparators.

RSA 21-I:96

Added by 2020, 13:16, eff. 7/16/2020.

2020, 13:16, eff. July 16, 2020.