Insurance, Health, Accident - As enacted, revises present law relative to 340B entities. - Amends TCA Title 47, Chapter 18 and Title 56.

HB 1242 amends Tennessee law to protect 340B entities - such as safety-net hospitals and clinics participating in the federal 340B drug discount program - from restrictive practices by drug manufacturers. It prohibits manufacturers from denying 340B drug access, imposing extra data requirements (like health information or purchasing data), interfering with contracts, or requiring claim reversals beyond federal rules. Violations carry a $50,000 civil penalty per violation, enforceable by the state commissioner or attorney general. The law ensures Tennessee regulations align with federal 340B program requirements without conflicting with them. This directly affects 340B entities and drug manufacturers operating in Tennessee.