LITTLE ROCK, Ark. – CVS officials said a new law restricting Pharmacy Benefit Managers from owning pharmacies will result in the closure of more than 20 Arkansas pharmacies.
Gov. Sarah Huckabee Sanders signed HB1150 into law on Wednesday afternoon.
Arkansas Gov. Sarah Huckabee Sanders signs bill blocking PBM ownership of pharmacies into law
CVS Health released a statement shortly after the governor signed the bill into law, flatly calling the law “bad policy.”
“CVS Health welcomes a good faith discussion with policy makers in Arkansas and across the country on ways to make medicine more affordable and accessible,” CVS shared in a statement. “Unfortunately, HB1150 is bad policy that accomplishes just the opposite: it will take away access to pharmacy care in local communities, hike prescription drug spending across the state by millions of dollars each year, and cost hundreds of Arkansans their jobs.”…