A bill moving through the Tennessee General Assembly has raised consumer alarms from organizations for and against it.
House Bill 1959/Senate Bill 2040, known as the Fair RX Act, would require pharmacies to divest their pharmacy benefit managers, known as PBMs, which oversee prescription drug plans for consumers and employers.
A House Finance, Ways and Means subcommittee will consider the bill on Tuesday. In the Senate, the Finance, Ways and Means Committee advanced the bill to the full chamber for a vote.
PBMs were first developed more than 50 years ago to expedite claims processing, but they have overstepped their original intent, said Anthony Pudlo, CEO of the Tennessee Pharmacist Association, which supports the bill, in an interview with The Center Square.
