Prohibiting Common Ownership of Pharmacies and Drug Benefit Managers
This new law aims to separate the ownership of pharmacies from companies managing prescription drug benefits (PBMs) and insurance companies. This is intended to prevent monopolistic practices and increase competition in the drug market, potentially leading to lower prices and better access to medications for citizens.
Key points
Insurance companies and drug benefit managers will not be allowed to own pharmacies.
Existing ownership ties must be divested within 3 years.
Violations can lead to cease and desist orders and disgorgement of ill-gotten gains.
Funds from violations will be used to address healthcare needs of harmed communities.
Expired
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