Texas HB5457 prohibits pharmacy benefit managers from controlling or being under common control with pharmacists or pharmacies, with certain.

Texas HB5457 amends the Insurance Code to prohibit a pharmacy benefit manager from directly or indirectly controlling or being under common control with a pharmacist or pharmacy in the state. The law allows existing affiliations to continue until January 1, 2027, after which all such affiliations must be divested. The Occupations Code is amended to require the board to revoke or refuse to renew a pharmacy license if the holder is affiliated with a pharmacy benefit manager in violation of the new law.

Texas HB5457 prohibits pharmacy benefit managers from controlling or being under common control with pharmacists or pharmacies, with certain.

Texas HB5457 amends the Insurance Code to prohibit a pharmacy benefit manager from directly or indirectly controlling or being under common control with a pharmacist or pharmacy in the state. The law allows existing affiliations to continue until January 1, 2027, after which all such affiliations must be divested. The Occupations Code is amended to require the board to revoke or refuse to renew a pharmacy license if the holder is affiliated with a pharmacy benefit manager in violation of the new law.