CVS says they will close all Tennessee stores if anti-Pharmacy Benefits Manager bill passes

NASHVILLE, Tenn. (WDEF)- A Tennessee bill restricting how pharmacies are structured is facing opposition from one major company.

CVS says that if Tennessee Senate Bill 20-40 passes, they would be forced to close every single CVS store in the state.

This is because the bill would require any company that owns an insurance company, the store, and the pharmacy benefits manager, which is the middle man negotiating prices between insurance and pharmacies, to divest from any part of that chain…

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