Allows reverse auctions for certain health benefits.

S 2325 allows New Jersey to use reverse auctions for procuring health care services under the State Health Benefits Program, School Employees' Health Benefits Program, and Medicaid Managed Care Program, removing a prior exclusion that prevented these contracts from being subject to competitive bidding. Pharmacy benefit management contracts remain excluded from this change. The bill enables the state to potentially secure more advantageous pricing through a process where providers lower their bids in a structured, transparent manner, as determined by the Director of the Division of Purchase and Property. This change applies to all contracts for hospital, surgical, obstetrical, and other covered health care services under these programs.