The bill, S. 5503, known as the “Patients Before Monopolies Act” or the “PBM Act,” proposes prohibiting pharmacy benefit managers (PBMs) and pharmacies from being owned by the same entity. This legislation aims to prevent anti-competitive practices by requiring entities that currently have...
Simple Explanation
The bill says that pharmacy helpers and drug stores can't be owned by the same person or company anymore, so there will be more fair choices for people when buying medicine. If some places need to change who owns what, they have three years to do it.