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Bill > HB2331
TN HB2331
TN HB2331AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 3; Title 8, Chapter 27; Title 56 and Title 71, relative to pharmacy benefits managers.
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/05/2026
02/05/2026
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, prohibits a pharmacy benefits manager from contracting with a state department, agency, or entity if the pharmacy benefits manager has been disciplined by the department of finance and administration or the department of commerce and insurance. - Amends TCA Title 4, Chapter 3; Title 8, Chapter 27; Title 56 and Title 71.
AI Summary
This bill prohibits a pharmacy benefits manager, which is a company that manages prescription drug benefits on behalf of health insurers, employers, and other payers, from entering into contracts with state departments, agencies, or entities, including the bureau of TennCare and committees, if that pharmacy benefits manager has previously been disciplined by either the department of finance and administration or the department of commerce and insurance. This measure aims to prevent state entities from doing business with pharmacy benefits managers that have faced disciplinary actions from these state departments, ensuring a level of accountability and oversight in these contractual relationships, and will take effect on July 1, 2026, applying to new, amended, or renewed contracts.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Placed on s/c cal Insurance Subcommittee for 3/4/2026 (on 02/25/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/Default?BillNumber=HB2331&ga=114 |
| Fiscal Note - SB2577 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB2577.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB2331.pdf |
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