Senate committee approves bill to bar PBMs from owning or controlling pharmacies; TennCare warns of access and fiscal risks The committee advanced SB2040 (the FairRx Act), which would prohibit entities from both setting reimbursement rules and owning pharmacies; the measure cleared committee on an 8–1 vote after hours of testimony from PBM-owned chains, independent pharmacies, clinicians and TennCare, which warned of member access and fiscal impacts.

Tennessee's Senate just advanced a controversial bill that could shake up pharmacy ownership and access for millions—will it bring transparency or threaten closures?

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