California Weekly Update 12.10.24

In Review: Last week, Senator Scott Wiener(D) reintroduced his anti-PBM bill (SB 41), which is very similar to his bill from last session (SB 966). It includes delinking and a ban on spread pricing, which were removed from SB 966 before final passage.

Up Next: PCMA and member companies are working on a two-tier strategy: First, developing transparency language in response to Governor Gavin Newsom’s (D) veto message calling for greater transparency; and second, reaching out to committees of jurisdiction to try to effectuate changes to SB 41. We will be reaching out to the governor’s office to share our transparency language as well as seek direction for next steps – e.g., meet with DMHC and/or HHS.

If you have any questions, please contact Bill Head at bhead@pcmanet.org.