Tennessee
Tennessee Senate passes ‘CVS bill,’ reshapes pharmacy business as CVS threatens closures
NASHVILLE, Tenn. (WZTV) — A bill moving through the Tennessee Legislature could reshape how pharmacies do business in the state, with CVS warning it could lead to widespread store closures.
The Tennessee Senate has passed legislation that would change the way pharmacies can operate. The proposal has been dubbed “the CVS bill” because it directly impacts the drugstore chain.
Under the bill, drugstores would no longer be allowed to negotiate prices directly with insurance providers or government programs. Instead, a third party would be required to step in.
The bill is now under debate in the House. CVS says the change would force more than 100 of its pharmacies to close across Tennessee, but lawmakers disagree.