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

This bill (S 9222) prohibits pharmacy benefit managers (PBMs) from owning, operating, or controlling pharmacies directly or indirectly. It directly affects PBMs and any entities that currently hold both pharmacy and PBM operations. The law requires violators to divest from pharmacy ownership within three years of the law taking effect, as defined under New York’s Public Health Law. The bill aims to separate pharmacy operations from PBM management to prevent potential conflicts of interest.