People in Florida may notice lower prices later this year at their local pharmacy.
The change comes after Gov. Ron DeSantis signed a new prescription drug bill.
DeSantis signed the measure in Jupiter on Wednesday.
The new law will require drug manufacturers to notify the state of price increases.
It will also prohibit pharmacy benefit managers, or PBM’s, from forcing a patient to restart a medication when they switch insurance companies.
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“Right now, you have three of these PBM’s control 80% of the prescription drug market,” DeSantis said. “And what, who this really hurts of course is consumers but also hurts neighborhood pharmacies.”
That new law will take effect on July 1.
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