Regulates certain practices of pharmacy benefits managers and health insurance carriers.

New Jersey's S 3573 regulates pharmacy benefits managers (PBMs) and health insurance carriers to protect patients and pharmacies. The bill directly affects patients, pharmacies, and health plans by banning "steering" (directing patients to affiliated pharmacies), requiring PBMs to charge health plans the same price they pay pharmacies, and prohibiting excessive copays or withholding cost-saving information. Key provisions include banning restrictions on mail-order prescriptions, mandating transparency on price differences between pharmacies and plans, and prohibiting PBMs from sharing patient data for commercial purposes. The law aims to reduce drug costs, expand pharmacy choice, and improve access to care - particularly for rural patients and those with chronic conditions - as highlighted in the legislative findings.