The Community Pharmacy Protection Act aims to protect independent pharmacies by prohibiting pharmacy benefit managers (PBMs) from engaging in practices that could harm these pharmacies, such as unfair reimbursement rates and steering patients towards PBM-owned pharmacies. The bill seeks to promote competition, transparency, and fairness in the pharmaceutical industry while ensuring patients have continued access to a diverse range of pharmacy options. This legislation could potentially lead to increased viability and sustainability of independent pharmacies, benefiting both consumers and small business owners in the healthcare sector.
2024-04-24: Introduced
2024-04-30: Referred to committee: Insurance
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