More pharmacy benefits managers file lawsuits against Tennessee over ownership bill

Pharmacy benefits managers like Express Scripts and the Pharmaceutical Care Management Association have taken legal action against Tennessee due to a new law prohibiting them from owning pharmacies. This legislation aims to prevent conflicts of interest by keeping pharmacy benefit managers separate from pharmacy ownership, but the industry groups argue it unfairly restricts competition and innovation in the pharmacy sector. The lawsuits highlight a broader debate about the role and regulation of pharmacy benefit managers, which play a crucial role in negotiating drug prices and managing prescription benefits for insurance plans.