TX HB2750

Prohibits health benefit plan issuers from requiring enrollees to use a pharmacy benefit manager (PBM) in which the issuer holds a financial interest, including ownership or investment stakes through equity, debt, or other means

Applies to a broad range of health benefit plans including individual and group insurance policies, HMOs, group hospital service contracts, multiple employer welfare arrangements, and fraternal benefit societies

Covers state-regulated plans including small employer health benefit plans, Texas Employees Group Benefits Program (Chapter 1551), Teacher Retirement System plans (Chapter 1575), and school district group health coverage

Defines "financial interest" to include direct ownership as well as indirect interests held through intermediate entities

Takes effect September 1, 2025, and applies to health benefit plans delivered, issued, or renewed on or after January 1, 2026