In October, Gov. Gavin Newsom signed a bill placing new restrictions on pharmacy benefits managers — or PBMs — which manage health insurers’ prescription drug benefits, create formularies and negotiate fees and rebates. Now independent pharmacy owners are taking measure of the final legislation, and assessing what it may mean for their businesses. The bill prohibits PBMs from steering patients toward their affiliated pharmacies, or reimbursing nonaffiliated pharmacies less. It also bans spread p
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In October, Gov. Gavin Newsom signed a bill placing new restrictions on pharmacy benefits managers — or PBMs — which manage health insurers’ prescription drug benefits, create formularies and negotiate fees and rebates. Now independent pharmacy owners are taking measure of the final legislation, and assessing what it may mean for their businesses. The bill prohibits PBMs from steering patients toward their affiliated pharmacies, or reimbursing nonaffiliated pharmacies less. It also bans spread p
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