Anonymous
5/27/2025, 11:01:50 PM No.1408283
Republican Arkansas becomes the first state to ban price gouging by drug retailers, as they have now signed legislation which prevents drug middlemen, known as Pharmacy Benefit Managers (PBMs), from owning and operating pharmacies.
You may remember this issue from 2024 when Democrats gave a bunch of lip service on the issue and as normal projected it onto Republicans but were unwilling to do anything about it themselves.
Republicans stepped up and banned this abusive practice. CVS is now scared that it can't price gouge insurance and patients anymore
https://www.newsweek.com/cvs-arkansas-pbm-law-closure-risk-2077504
All CVS Locations in One State at Risk Over PBM Law
CVS has told Newsweek that some of Arkansas' only 24-hour pharmacies are at-risk of closure because of new state law signed by Republican Governor Sarah Huckabee Sanders last month.
Reports over the weekend suggested the pharmacy giant was looking to close all 23 of its stores in the state, ahead of legislation which prevents drug middlemen, known as Pharmacy Benefit Managers (PBMs), from owning and operating pharmacies.
"All of our 23 Arkansas stores are currently open and will continue to operate for the immediate future. We're doing everything we can to continue to provide pharmacy services to our 340,000+ Arkansas pharmacy patients," a CVS spokesperson said Tuesday morning.
CVS said that passing Act 624, as the bill became known, puts services available to its customers at risk. Those who advocated for the move said they wanted to protect independent pharmacies and stop patients from being abused
Sanders said in April that PBMs "take advantage of lax regulations to abuse customers" as she made Arkansas the first state to ban drug giants from owning pharmacies.
The governor and her Attorney General Tim Griffin said that PBMs had taken advantage of their position as price negotiators to benefit the pharmacies they owned and their shareholders, damaging independents in the process.
You may remember this issue from 2024 when Democrats gave a bunch of lip service on the issue and as normal projected it onto Republicans but were unwilling to do anything about it themselves.
Republicans stepped up and banned this abusive practice. CVS is now scared that it can't price gouge insurance and patients anymore
https://www.newsweek.com/cvs-arkansas-pbm-law-closure-risk-2077504
All CVS Locations in One State at Risk Over PBM Law
CVS has told Newsweek that some of Arkansas' only 24-hour pharmacies are at-risk of closure because of new state law signed by Republican Governor Sarah Huckabee Sanders last month.
Reports over the weekend suggested the pharmacy giant was looking to close all 23 of its stores in the state, ahead of legislation which prevents drug middlemen, known as Pharmacy Benefit Managers (PBMs), from owning and operating pharmacies.
"All of our 23 Arkansas stores are currently open and will continue to operate for the immediate future. We're doing everything we can to continue to provide pharmacy services to our 340,000+ Arkansas pharmacy patients," a CVS spokesperson said Tuesday morning.
CVS said that passing Act 624, as the bill became known, puts services available to its customers at risk. Those who advocated for the move said they wanted to protect independent pharmacies and stop patients from being abused
Sanders said in April that PBMs "take advantage of lax regulations to abuse customers" as she made Arkansas the first state to ban drug giants from owning pharmacies.
The governor and her Attorney General Tim Griffin said that PBMs had taken advantage of their position as price negotiators to benefit the pharmacies they owned and their shareholders, damaging independents in the process.
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