Minnesota Management and Budget is seeking information from pharmacy benefit management (PBM) companies to help inform and plan for an upcoming PBM procurement. Our most recent PBM procurement was completed in 2022 using a reverse auction methodology. MMB’s next PBM procurement will likely take place in early 2027 with a Jan. 1, 2028 contract effective date.

MMB understands that PBM companies may have their own reasons for participating or not participating in certain state procurements. MMB’s goal is to leverage the information collected through this Request for Information (RFI) to shape our upcoming procurement to maximize variety and competition among respondents. To that end, we are interested in information pertaining to potential respondents’ rebate disclosure, recent pharmacy spend, formulary management, and clinical outcomes.

This document outlines information on MMB’s insurance programs, instructions for responding to this RFI, and a list of questions for your consideration.