Pharmacy benefit managers.

CA AB1773 is a bill that aims to regulate pharmacy benefit managers (PBMs) in California. It adds a new section to the Health and Safety Code to oversee the practices of these managers, who play a key role in managing prescription drug benefits for health plans. The goal is to ensure transparency and fairness in how medications are priced and provided to patients.

Supporters of CA AB1773 would argue that the bill is a crucial step toward increasing transparency in the pharmaceutical industry. They believe it will help lower drug costs for consumers and ensure that pharmacy benefit managers operate fairly, ultimately benefiting patients who rely on medications.

Critics of CA AB1773 might argue that the bill could lead to increased regulatory burdens on pharmacy benefit managers, potentially driving up costs for health plans. They may contend that the legislation could stifle competition and innovation in the pharmacy sector, ultimately harming consumers rather than helping them.