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Governor Ron DeSantis (R-FL) has signed the Prescription Drug Reform Act, which looks to create “transparency and accountability within the Pharmaceutical Industrial Complex.”
Its goal is to limit the power of Pharmacy Benefit Manager (PBMs) which are known as middlemen in the industry. The bill requires PBMs to pass through 100% of all rebates received from Big Pharma for “the sole purpose of reducing consumer costs,” according to the DeSantis press release.
It also bans clawbacks (prescription drug overpayments), prohibits mail order mandates, bars spread pricing, outlaws steering, stops the sharing of personal data without the customer or patient’s consent, and bans affiliate-only networks.
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