An Audit Report on Pharmacy Benefit Manager Contracts at Selected State Agencies and Higher Education Institutions

Abstract

Report of the Texas State Auditor's Office related to determining the similarities and differences among pharmacy benefit manager (PBM) contracts at the Teacher Retirement System, the Employees Retirement System, the University of Texas System, and the Texas A&M University System, and to assessing whether there are contract provisions that would provide better value to other state entities or that would be advantageous if the State used a single PBM for all state health plans.