Pharmacy Benefits Manager regulation; to substitute "unaffiliated" pharmacy for "independent" pharmacy

Summary

The bill deletes the existing definition of an independent pharmacy—a community pharmacy recognized by the State Board of Pharmacy—and adds a new definition for an unaffiliated pharmacy, meaning any pharmacy that is not tied to a pharmacy benefits manager (PBM). It updates the language in the statutes that regulate PBMs, health insurers, and the people they cover. The change is intended to clarify which pharmacies are considered separate from PBM ownership or control.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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