Gov. Ron DeSantis signed a bill Wednesday that will increase regulations on pharmacy benefit managers -- the middlemen of the pharmaceutical industry.
The News Service of Florida contributed to this report.
The House and Senate unanimously passed the bill , which drew heavy lobbying and could affect a wide range of interests, including patients, pharmacies, health insurers, drug manufacturers and employers. Those independent pharmacies have long called for the state to make changes related to PBMs, which they contend have too much leverage in the market.
“This legislation builds a foundation of transparency for pharmacy benefit manager practices and drug prices in Florida, allowing consumers to make the best choices for their own health,” DeSantis said in a news release. “PBMs and Big Pharma have managed to escape the public eye and work in the shadows for far too long. I’m proud to sign a bill that takes the reins back from these health care monopolies while empowering consumers.
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