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 prevents any pharmacy benefits manager that has been disciplined by the Department of Finance and Administration or the Department of Commerce and Insurance from entering contracts with Tennessee state departments, agencies, or entities, including TennCare and legislative committees. It applies to contracts entered, amended, or renewed on or after July 1 2026. The measure aims to ensure that only PBMs in good standing can provide services to the state.

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

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