An Act prohibiting self-dealing by pharmacy benefit managers and pharmacies under common ownership

This bill prohibits pharmacy benefit managers and pharmacies from using financial incentives or penalties to steer patients toward pharmacies they own or are owned by the same entity. It directly affects health insurance plans, pharmacy benefit managers, and retail or mail-order pharmacies by banning practices that manipulate premiums, deductibles, copayments, or coinsurance to favor affiliated locations. The law aims to prevent conflicts of interest where a company might encourage patients to use its own pharmacy over independent competitors, ensuring that coverage decisions are not influenced by ownership ties. By amending existing state laws, the measure seeks to maintain fair competition and transparency in prescription drug coverage without restricting the ability of these entities to operate normally.