Democratic lawmakers in both houses of the state Legislature passed legislation last year that would regulate pharmacy benefit managers in New York for the first time. Independent pharmaciescheered. Insurers and manufacturers – who own some PBMs – not so much. Huge sums were at stake, and Gov. Andrew Cuomo ended up vetoing the bill last December. But the governor left the door open for lawmakers to send a new bill this year if it addressed five concerns he had in the original legislation. That could happen in the coming months, according to Assembly Health Committee Chairman Richard Gottfried, who sponsored the original bill.
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