Provides limitations on overlapping control between insurance companies and pharmacy benefits managers and pharmacies

Summary

The bill makes it illegal for a person or company to own, operate, or direct an insurance firm together with a pharmacy benefit manager (PBM) or a pharmacy. Violators must sell off the conflicting interests within three years, and the attorney general can sue for daily civil penalties. The measure aims to prevent conflicts of interest that could raise drug costs or limit patient choice.

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

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