Judge Rules Tennessee PBM Provisions Preempted As To Self-Funded ERISA Plans

( April 2, 2025, 1:09 PM EDT) -- CHATTANOOGA, Tenn. — Concluding that parts of Tennessee law regarding pharmacy benefit managers (PBMs) are “preempted to the extent they purport to govern self-funded [Employee Retirement Income Security Act] plans,” a Tennessee federal judge issued a permanent injunction enjoining Tennessee Department of Commerce and Insurance Commissioner Carter Lawrence from enforcing those provisions against the plaintiff directly or indirectly....