JUPITER, Fla. (WFLA) — Florida Gov. Ron DeSantis signed “the most comprehensive reforms to Florida’s prescription drug market in state history” during a press conference in Jupiter Wednesday.

The bill, known as the Prescription Drug Reform Act, creates transparency in prescription drug price increases and empowers consumers through increased choice among pharmacies.

The new law also creates a regulatory framework for pharmacy benefit managers (PBMs) by banning clawback, prohibiting mail order, outlaws steering, and stops data sharing without patient consent.

The bill requires PBMs to pass through 100% of all rebates received from “Big Pharma” for the sole purpose of reducing consumer costs.

“This legislation builds a foundation of transparency for pharmacy benefit manager (PBM) practices and drug prices in Florida, allowing consumers to make the best choices for their own health,” said Governor Ron DeSantis. “PBMs and Big Pharma have managed to escape the public eye and work in the shadows for far too long. I’m proud to sign a bill that takes the reins back from these health care monopolies while empowering consumers.”