Pharmacist welcomes bill restricting pharmacy benefit managers; CVS projects mass closures

KINGSPORT, Tenn. (WJHL) - Tennessee's Senate Health and Welfare Committee considered a bill to place restrictions on pharmacy benefit managers (PBMs) on Wednesday. According to the American Medical Association, a pharmacy benefit manager is a middleman in the prescription drug supply chain. They manage prescription drug plan benefits for insurers and employers. PBMs negotiate rebates [...]