New York's financial services watchdog is accepting public comments through Feb. 16 on proposed pharmacy benefit manager regulations that are intended to strengthen consumer protections and address anti-competitive conduct.

The proposed set of rules follows New York's enactment of a 2021 law that is aimed at rooting out the former common practice of spread-pricing, which enables PBMs to charge pharmacists higher prices than they pay to manufacturers, yielding additional unknown profits.

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Brian Lee

Brian Lee is an Albany-based litigation reporter for the New York Law Journal. He has worked at daily newspapers in Massachusetts, New York and New Jersey. He can be reached at [email protected]. Twitter: @bleereporter