PBM Act

The Patients Before Monopolies Act prohibits companies from owning both pharmacy benefit managers and insurance businesses or pharmacies to eliminate conflicts of interest. It requires existing violators to sell off their pharmacy operations within one year and grants the Federal Trade Commission and Department of Justice the power to block new mergers that would recreate these combined ownership structures. The bill also allows private citizens and state officials to sue for violations, seeking penalties like disgorgement of profits and treble damages if the law is broken.