Gov. Bill Lee has signed the Freedom, Access and Integrity in Registered Pharmacy Act into law, making Tennessee the second state to prohibit pharmacy benefit managers from owning or operating pharmacies. The legislation passed despite an aggressive opposition campaign. PBMs and their allies reportedly spent more than $7 million and deployed more than 60 lobbyists to fight the bill, according to a National Community Pharmacists Association news release. The law gives affected companies until Jan. 1, 2027, to divest or restructure.
Read the full article: Tennessee Becomes 2nd State to Ban PBMs from Owning Pharmacies //
Source: https://www.beckershospitalreview.com/pharmacy/tennessee-becomes-2nd-state-to-ban-pbms-from-owning-pharmacies/