Last week, Tennessee Governor Bill Lee signed Senate Bill 2458/House Bill 2661 into law. The law protects patients and pharmacies from abusive pharmacy benefit manager (PBM) tactics by ensuring patients have access to the pharmacy of their choice, pharmacies are adequately compensated for medications and dispensing, and limiting payers' ability to require white bagging of clinician-administered drugs. The new law will be enforceable by the Tennessee Department of Commerce and Insurance (TDCI).
Specifically, the new law addresses the following:
"ASHP strongly supports efforts to address mandatory white bagging and other problematic PBM tactics through state legislation," said Tom Kraus, ASHP vice president of government relations. "We are thrilled to see Tennessee's success at taking on PBMs at the state level, and we look forward to helping our affiliates and members in other states pursue this strategy."
Although the bill is now law, TDCI will need to promulgate regulations before some provisions can take effect. ASHP will continue to monitor the regulatory process and provide members with updates on other state-level efforts to address PBM abuses. Thank you to the Tennessee Pharmacists Association for their advocacy efforts to make this happen.