Dark money group running $500k in TV ads to oppose TN pharmacy benefit manager regulation bill

By: Adam Friedman, Sam Stockard

Outlets: Tennessee Lookout

Published: April 1, 2026

Words: 581

Last Updated: 3 months, 1 week ago

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An Oklahoma-based dark money group purchased nearly half a million dollars in television advertisements calling on lawmakers to oppose a bill to regulate Tennessee pharmacy benefits managers because it’s “anti-Trump.”

The commercials bought in Knoxville, Nashville and Jackson by Shaping Healthy Initiatives for Tomorrow praised three Senate Republicans for opposing HB1959/SB2040, which would ban a pharmacy from also owning a pharmacy benefit manager, PBM.

PBMs are the middlemen that negotiate drug reimbursement rates between …

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