Relates to establishing the expanded pharmaceutical insurance coverage panel

This bill creates a new panel within the state executive department to oversee and expand pharmaceutical insurance coverage. The panel is led by the directors of the Office for the Aging and the Department of Health, with members drawn from other state agencies who serve without pay. Its main duties include setting annual cost-sharing rules for eligible participants, entering into necessary contracts, and running an outreach program to inform residents about available prescription drug benefits. Additionally, the panel must produce an annual report detailing enrollment statistics, financial projections, and the effectiveness of its operations. To guide its work, the panel will consult with an advisory committee representing consumers, pharmacists, and drug manufacturers.