1. Pink Sheet
  2. >>Market Access

Death of a PBM Reform Bill: Why Big Employers Helped Scuttle California’s SB 966

 
• By Leslie Small

Big corporations fought to scuttle a California PBM reform bill, despite favoring federal efforts, in part from a desire to be held to one national standard.

Large national employers only have to worry about federal PBM laws, thanks to ERISA. (Shutterstock)

At the end of September, California Gov. Gavin Newsom (D) vetoed a bill that would have subjected PBMs to a variety of new requirements and restrictions, saying he wasn’t convinced that it would achieve its goal of making prescription drugs more affordable.

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Pink Sheet for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required
Start Free Trial

Already a subscriber?

More from PBMs

More from Pricing Debate