TBA Law Blog


Posted by: Stacey Shrader Joslin on Jun 23, 2026

A third lawsuit has been filed against a new Tennessee law banning pharmacy benefit managers (PBMs) from simultaneously owning pharmacies and health plans in the state. In May, Gov. Bill Lee signed the FAIR Rx Act, a landmark bill that supporters argue will restore transparency, fairness and competition in the pharmacy marketplace. The latest action is from the Pharmaceutical Care Management Association (PCMA), which is a national trade association representing PBMs. Read more about the filing in a press release from the group. PCMA joins CVS Health and Express Scripts in challenging the law, according to Health Care Finance News. The plaintiffs argue the legislation violates the U.S. Constitution and will impede access to prescription drugs for hundreds of thousands of patients.