For reprint rights or to purchase a copy of your Daily Journal photo, email jeremy@reprintpros.com for prices or call 949-702-5390.

To buy more copies, call 866-531-1492 or email subscribe@dailyjournal.com
This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

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.

Shutterstock

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...

To continue reading, please subscribe.
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 up for Daily Journal emails



By using our website, you agree to our use of cookies in accordance with our cookie policy. You can learn more about how we use cookies by reviewing our Privacy Policy here.