TN House Advances Bill CVS Says Would Close 100+ Stores in the State

TN House advances bill CVS says would close 100+ stores in the state

NASHVILLE, Tenn. (WJHL) — The Tennessee House Finance, Ways, and Means Committee on Monday advanced House Bill 1959, which would prohibit pharmacy benefit managers (PBMs) from owning or controlling a Tennessee pharmacy license. The legislation, if turned into law, would mean a company could operate as a PBM or own retail pharmacies in Tennessee, but [...]

Tennessee lawmakers push “Fair Rx Act” amid CVS closure concerns

The proposed legislation would prevent pharmacy benefit managers from owning or operating pharmacies in the state, which is a business model CVS currently uses.

TN House finance committee unanimously moves forward ‘Fair Rx Act’ amid outcry from CVS Health

CVS Health says the bill will force the closure of more than 100 Tennessee stores, but lawmakers argue it will level the playing field for independent pharmacies.

Bill advances in TN that would keep pharmacy benefit managers from also holding a pharmacy license

The Tennessee House Finance, Ways, and Means Committee on Monday advanced a bill that would prohibit pharmacy benefit managers (PBMs) from owning or controlling a Tennessee pharmacy license. If it becomes law, the legislation would mean a company could operate as a PBM or own retail pharmacies in Tennessee, but not both. Such a model is used by companies like CVS Health, which owns CVS Caremark, one of the largest PBMs in the country. PBMs are a…