States seek to lower drug prices by targeting the companies that manage them for health plans

States are implementing laws to reduce drug prices by regulating pharmacy benefit managers (PBMs) like CVS, which oversee prescription coverage for insurers. Tennessee's law, set to take effect in 2028, prohibits PBMs from operating retail pharmacies, prompting a lawsuit from CVS. Over 60% of U.S. adults express concern about affording prescriptions, with states passing measures to limit PBM compensation and increase transparency.