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CVS vs Tennessee: PBM-Pharmacy Battle
Description
Tennessees new law, the FAIR Rx Act, mandates that pharmacy benefit managers (PBMs) like CVS, which also owns pharmacies, must separate their operations or sell off their pharmacies by July 2028. Supporters argue this promotes fair competition and reduces conflicts of interest, while CVS is challenging the law in federal court, claiming its unconstitutional and could increase drug costs. The outcome of this legal battle will significantly impact pharmacies and PBMs in Tennessee.
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