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Tennessee Senate Votes on FAIR Rx Act

Published 2 weeks, 4 days ago
Description

Tennessees Senate is set to vote on the FAIR Rx Act, aiming to end practices where big pharmacy benefit managers favor their own stores over independents. The bill, supported by both parties, could lead to CVS closing its one hundred thirty-four stores in the state. Meanwhile, Tennessees Attorney General warns CVS against using customer phone numbers to rally against the bill, citing a similar settlement in Louisiana. Lawmakers and analysts debate the potential fallout, with state estimates warning of higher costs for government health plans. Supporters argue it would loosen big companies grip on drug prices, while opponents see it as extra red tape. Recent audits back the bills push, showing CVSs Caremark unit underpaid independent pharmacies and overcharged a federal employee health program by more than six hundred fifteen million dollars from twenty eighteen to twenty twenty-one.

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