authorizing the department of insurance to participate in a cooperative procurement group via an intergovernmental agreement for a prescription drug discount program.

SB 647 authorizes New Hampshire's Department of Insurance to join a cooperative group with other states to secure lower prices on prescription drugs through a discount program. The bill enables the department to form an intergovernmental agreement for this purpose, requiring approval from the governor and executive council. This would directly affect the Department of Insurance's operations and potentially reduce prescription drug costs for state residents. The program would take effect on July 1, 2026.