PBM Act

The Patients Before Monopolies Act aims to break up large health care companies that currently own both insurance or pharmacy benefit management services and physical pharmacies. It directly affects major health care conglomerates by making it illegal for them to own pharmacies while also managing drug pricing or insurance, requiring them to sell off their pharmacy operations within one year. The bill empowers federal agencies like the FTC and the Department of Justice to enforce these rules, impose financial penalties for non-compliance, and block future mergers that would recreate these conflicts of interest.