Health Care & Hospital Law,
Government
Oct. 9, 2024
Newsom's surprise veto of PBM regulation bill is a call for patience
California Gov. Gavin Newsom has vetoed Senate Bill 966, allowing for more restraint and reflection during a period of hyperactivity in state Pharmacy Benefit Management legislation.
Hassan Shaikh
Associate, Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
In a late-September announcement, Gov. Gavin Newsom unexpectedly vetoed Senate Bill 966, bucking with a national trend to more closely regulate pharmacy benefit managers and overriding the state legislature's near-unanimous support of the bill. Newsom's veto--which is notably restrained in an era of flurried federal and state activity targeting the PBM (Pharmacy Benefit Management) industry--took market watchers by surprise.
"I believe that PBMs must be...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In