Prohibits the ownership, operation or control of pharmacies by pharmacy benefit managers

This bill prohibits pharmacy benefit managers (PBMs) - companies that manage prescription drug coverage for insurers - from owning, operating, or controlling pharmacies directly or indirectly. It applies to all entities (including corporations and associations) currently violating this rule, requiring them to sell their pharmacy holdings within three years. The law defines "pharmacy benefit manager" using an existing public health law definition. This creates a clear separation between PBMs and pharmacies, aiming to prevent conflicts of interest in drug pricing and patient care.