Senator Wiener Responds to Governor’s Veto of Pharmacy Benefit Manager Bill
Governor Gavin Newsom vetoed Senator Scott Wiener’s (D-San Francisco) Senate Bill 966, legislation to rein in anticompetitive practices pharmacy benefit managers (PBMs) are using to drive up prescription drug prices and forcing independent pharmacies out of business. As a result, California remains one of the only states to leave the industry, which controls virtually all prescription drugs on the market, essentially unregulated. As a result, Californians will continue to pay more for health care and will continue to have limited access to their neighborhood pharmacies.