California governor signs sweeping pharmacy benefit manager bill

By Allison Bell

News October 13, 2025 at 11:00 AM

Share & Print

What You Need To Know

The new law requires PBMs working with self-insured plans to act as fiduciaries.
PBMs will have to pass all rebates on to employer plans.
PBMs will have to file quarterly and annual reports with the California Department of Managed Health Care.

More From HR Executive

NOT FOR REPRINT

© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.