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Tennessee Lawmakers Fight CVS Over Pharmacy Ownership

Published 4 weeks, 1 day ago
Description

Tennessee lawmakers are pushing the FAIR Rx Act to prevent pharmacy benefit managers like CVS Caremark from owning the pharmacies they oversee. CVS warns that this could lead to the closure of 134 stores and MinuteClinics, putting 2,000 jobs at risk and affecting patient care for 1.5 million people. The bill, backed by lawmakers with ties to independent pharmacies, aims to prevent monopolies and protect patients. The FAIR Rx Act passed the House Insurance Committee and is headed to the Finance panel next.

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