Will California finally license pharmacy benefit managers and rein in prescription drug costs?

Will California finally license pharmacy benefit managers and rein in prescription drug costs?

This article was produced by Capital & Main. It is published here with permission. Ten months ago, California Gov. Gavin Newsom vetoed a bill that would have forced prescription drug middlemen to be licensed and regulated through a state agency. Now, Newsom appears to be working in concert with the legislator who wrote that bill to do just that — and push back on a business that critics say is significantly responsible for the state’s soaring dr…