Insurance, Health, Accident - As introduced, prohibits a pharmacy benefits manager from contracting with a state department, agency, or entity if the pharmacy benefits manager has been disciplined by the department of finance and administration or the department of commerce and insurance. - Amends TCA Title 4, Chapter 3; Title 8, Chapter 27; Title 56 and Title 71.

Summary

The bill bars Tennessee state agencies, including TennCare and legislative committees, from contracting with pharmacy benefits managers (PBMs) that have been disciplined by the Department of Finance and Administration or the Department of Commerce and Insurance. It seeks to ensure the state works only with PBMs in good standing, protecting taxpayers and patients. The restriction applies to any contract entered into, amended, or renewed on or after July 1, 2026.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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