On May 24, 2019, Governor Bill Lee signed into law one of TPA’s top 2019 legislative priorities, comprehensive pharmacy benefits manager (PBM) reform. The enactment of this legislation, Public Chapter 470, will bring about several very important changes to the way in which Tennessee-licensed PBMs operate in Tennessee.
TPA members were instrumental in advocating for the passage of this law, and TPA greatly appreciates the work of bill sponsors and members of the Tennessee General Assembly for recognizing the importance of, and need for, these changes. The new law is intended to provide pharmacies and pharmacists with added audit protections, more transparency and clarity in fees assessed by PBMs, and new contracting rights. Scroll down for more information about the important PBM reform changes that Public Chapter 470 brings to Tennessee.
