CVS Blankets Tennessee Airwaves, Enlists Mass Texts to Fight Pharmacy Benefit Manager Bill

CVS blankets Tennessee airwaves, enlists mass texts to fight pharmacy benefit manager bill

CVS is threatening to close all its Tennessee stores if a bill to prohibit pharmacy benefit managers passes. (Photo: Mint Images)Health care pharmacy chain CVS has spent $1.3 million on political TV advertisements across Tennessee to push back against a bill aimed at targeting its ownership of a pharmacy benefit manager, Federal Communications Commission public inspection files show.  Tennessee lawmakers want to ban a pharmacy from also owning a…

Tennessee Senate Committee Explores State Impact Of Pharmacy Bill

Image Credit: Travis Saylor / Pexels The Center Square [By Kim Jarrett] – A bill requiring pharmacies to divest their pharmacy benefit managers could cost Tennessee’s TennCare, the state’s Medicaid program, and state employee insurance programs, but the impact is hard to predict, the Senate Finance, Ways and Means Committee was told Tuesday. The number could reach as high as $24 million to the state, largely due to specialty drug costs. Specialt…