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Legislators debate PBM bill to bar pharmacy benefit managers from owning pharmacies
Summary
Delegation members described a bill prohibiting PBMs from owning pharmacies to prevent anti-competitive steering, while fiscal reviewers and agencies produced conflicting cost estimates for state health plans.
Legislators at the Policy Talks forum described a bill that would prohibit vertical integration by pharmacy benefit managers (PBMs) — specifically, barring PBMs from owning retail pharmacies in Tennessee.
Sen. Jack Johnson summarized the policy rationale: supporters argue vertical integration can be anti-competitive and disadvantage independent neighborhood pharmacies. "This legislation is…
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