On or before January 1, 2019, every pharmacy benefits manager (PBM) operating in Tennessee will be required to obtain a license with the Tennessee Department of Commerce and Insurance. This law is extremely important, because it establishes direct oversight of PBMs by state regulators.
Provisions of this new law:
Requires all pharmacy benefits managers (PBMs) to obtain licensure and renew biennially through the Tennessee Department of Commerce and Insurance (TDCI)
Requires PBMs to demonstrate that they are able to transact in this state, are
