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flag California lawmakers clash with Governor Newsom over new regulations to lower prescription drug costs.

flag California lawmakers and Governor Gavin Newsom are at odds over how to tackle rising prescription drug prices, focusing on pharmacy benefit managers (PBMs). flag A new bill proposes strict regulation of PBMs, including state licensing and passing all drug rebates to health insurers, but Newsom vetoed a similar bill last year, questioning its effectiveness. flag Despite federal criticism of PBMs, state-level reforms are seen as crucial as health plan drug costs in California have risen over 50% since 2017.

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