Tennessee lawmakers approve bill targeting pharmacy benefit managers

Tennessee lawmakers pass ‘Fair Rx Act’

CVS Health vows to challenge constitutionality of law in federal court

Prescription Drug Bill Advances Statewide

CHATTANOOGA, Tenn. (WDEF) – Tennessee lawmakers have passed the “Fair Rx Act,” legislation that would restrict certain types of ownership within the prescription drug industry in the state. The bill would prohibit a company from owning a pharmacy while also owning a pharmacy benefit manager and a health insurer if ownership exceeds five percent. Pharmacy benefit managers, or PBMs, serve as intermediaries between insurance companies and pharmacie…

TN lawmakers pass 'Fair Rx' Act, could result in numerous CVS pharmacy closures

The FAIR Rx Act targets pharmacy benefit managers’ influence by prohibiting their ownership or control of pharmacies in Tennessee, with the bill passing the House 86-7 and the Senate 24-9, now pending the governor’s signature for implementation in 2027.

Pharmacy benefit manager bill on its way to Lee

(The Center Square) – A bill that would require pharmacies to divest their pharmacy benefit managers passed the Tennessee House of Representatives on Tuesday morning amid threats of a lawsuit

‘Fair Rx Act’ passes in Tennessee. Here’s what that means

Tennessee lawmakers have passed a bill that would block certain companies from owning a pharmacy while also owning a pharmacy benefit manager and health insurance issuer.