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CVS and Express Scripts spent millions to try and kill Tennessee's Fair RX bill. Fortunately, they failed. Here's Rep. Aftyn Behn laying out how CVS even used their marketing e-mails to lobby against the bill👇

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American Economic Liberties Project

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17,559 görüntüleme • 2 ay önce •via X (Twitter)

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BIG ‼️ CVS pharmacy could be closing all pharmacies in Tennessee Tennessee lawmakers are finally cracking down on Pharmacy Benefits Managers owning pharmacies and skyrocketing prices CVS would rather close all locations than stop robbing Americans “Tennessee is running CVS out of the state. Look at this letter from CVS. ‘A proposed law threatens to close all CVS pharmacies in the state of Tennessee.’ That's an aggressive sounding law. How are legislators justifying targeted business closures like CVS is suggesting here? Well, of course that's not the case. The law that CVS says will close all CVS pharmacies is SB 2040. The bill prohibits PBMs in the state from owning, operating or controlling pharmacies, and it aims to prohibit evasion of the law through corporate structuring, intermediary ownership management contracts, other stuff like that. So the bill is not closing pharmacies. It's stopping CVS Express Scripts and Optum the big PBMs from owning pharmacies. But to CVS, that means that they will close all their pharmacies. That means if CVS was forced to choose between their 132 brick and mortar pharmacies that they have on the corner of every major intersection, those corner store staples of Americana, they would rather shut all those down and board them up than give up their PBM. This is the same thing they said in as well, they would abandon the pharmacy business to retain the pharmacy middleman business. That should be a big waving red flag to anyone who's still uncertain about where the power lies and where the money goes. CVS isn't making their money when you go to the store. They're making their money. When your boss signs up with Aetna, then they have 10,000 levers they could pull to maximize their profit. Tennessee is taking a bold step that isn't even really that far down the road. It's only in committee, but that's enough to get CVS to start campaigning”
2:09

BIG ‼️ CVS pharmacy could be closing all pharmacies in Tennessee Tennessee lawmakers are finally cracking down on Pharmacy Benefits Managers owning pharmacies and skyrocketing prices CVS would rather close all locations than stop robbing Americans “Tennessee is running CVS out of the state. Look at this letter from CVS. ‘A proposed law threatens to close all CVS pharmacies in the state of Tennessee.’ That's an aggressive sounding law. How are legislators justifying targeted business closures like CVS is suggesting here? Well, of course that's not the case. The law that CVS says will close all CVS pharmacies is SB 2040. The bill prohibits PBMs in the state from owning, operating or controlling pharmacies, and it aims to prohibit evasion of the law through corporate structuring, intermediary ownership management contracts, other stuff like that. So the bill is not closing pharmacies. It's stopping CVS Express Scripts and Optum the big PBMs from owning pharmacies. But to CVS, that means that they will close all their pharmacies. That means if CVS was forced to choose between their 132 brick and mortar pharmacies that they have on the corner of every major intersection, those corner store staples of Americana, they would rather shut all those down and board them up than give up their PBM. This is the same thing they said in as well, they would abandon the pharmacy business to retain the pharmacy middleman business. That should be a big waving red flag to anyone who's still uncertain about where the power lies and where the money goes. CVS isn't making their money when you go to the store. They're making their money. When your boss signs up with Aetna, then they have 10,000 levers they could pull to maximize their profit. Tennessee is taking a bold step that isn't even really that far down the road. It's only in committee, but that's enough to get CVS to start campaigning”

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CVS is using their customers' personal information that was given to them for a particular purpose, and they are using it instead to lobby for their own personal corporate interests against pending legislation in the State Legislature. That is wrong.
2:04

CVS is using their customers' personal information that was given to them for a particular purpose, and they are using it instead to lobby for their own personal corporate interests against pending legislation in the State Legislature. That is wrong.

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LOUISIANA AG DETAILS THE THREE LAWSUITS THE STATE HAS FILED AGAINST CVS CAREMARK: 1. ANTITRUST, 2. TEXT MESSAGE THREATS AND ENLISTMENT OF CUSTOMERS FOR LOBBYING PURPOSES, AND 3. DECEPTIVE TRADE PRACTICE PRICING DRIVING INDEPENDENT PHARMACIES OUT OF BUSINESS Attorney General of Louisiana Attorney General Liz Murrill lays out for Matt Gaetz the three lawsuits the state of Louisiana has against CVS Caremark: “The antitrust lawsuit over their vertical integration model of doing business, which we think manipulates the market and drives up drug prices. There are two others, one is related to some text messages…where they were threatening seniors, veterans, and people with serious health conditions…and trying to enlist them into an army of people who go lobby for CVS at the legislature. And the third one is related to them driving a bunch of independent pharmacists in our state out of business through some of their deceptive and unfair trade practices as they relate to pricing with independent pharmacies.”
0:59

LOUISIANA AG DETAILS THE THREE LAWSUITS THE STATE HAS FILED AGAINST CVS CAREMARK: 1. ANTITRUST, 2. TEXT MESSAGE THREATS AND ENLISTMENT OF CUSTOMERS FOR LOBBYING PURPOSES, AND 3. DECEPTIVE TRADE PRACTICE PRICING DRIVING INDEPENDENT PHARMACIES OUT OF BUSINESS Attorney General of Louisiana Attorney General Liz Murrill lays out for Matt Gaetz the three lawsuits the state of Louisiana has against CVS Caremark: “The antitrust lawsuit over their vertical integration model of doing business, which we think manipulates the market and drives up drug prices. There are two others, one is related to some text messages…where they were threatening seniors, veterans, and people with serious health conditions…and trying to enlist them into an army of people who go lobby for CVS at the legislature. And the third one is related to them driving a bunch of independent pharmacists in our state out of business through some of their deceptive and unfair trade practices as they relate to pricing with independent pharmacies.”

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Tennessee just did what Congress can't. They passed a law to break up the health insurance giants. Specifically, they made it illegal for pharmacy benefit managers — the companies in charge of pharmacy insurance — and pharmacies to be owned by the same company. That makes perfect sense. For example: CVS Caremark is the PBM, and CVS is the pharmacy. So if you have Aetna insurance, you have CVS Caremark as your PBM, and they're going to do everything they can to make sure you use CVS as your pharmacy. Aetna, Caremark, CVS — all the same company. That causes all kinds of incredibly obvious problems that this law hopes to fix. If your insurance company is in charge of approving your medication, deciding how much to pay for it, AND deciding who gets that money — while also being the pharmacy that gets paid at the end — guess what happens to prices? They go up. Governor Lee signed the law last week. CVS immediately filed a federal lawsuit because they said it will force them to close all 136 stores they have in Tennessee. Let that sink in. I'm not sure most people realize what that says about CVS and health insurance in general. They had to choose between owning the middleman (the PBM) or the healthcare provider (the pharmacy). Without hesitation, they chose the middleman. The biggest pharmacy chain in the country — with a store on every corner — would drop all 136 of their Tennessee locations in a second if it means keeping their middleman business. It is more profitable for them to be a health insurance middleman getting between you and your healthcare than it is to actually provide the healthcare. That is the problem with healthcare in America. We have made the middleman so powerful that they've taken complete control of the entire system. Three PBMs — Caremark, Express Scripts, and OptumRx — handle around 80% of all prescriptions in this country. How on earth can we expect healthcare to work well and remain affordable if that's where the money is? We all auto-pay our insurance straight out of our paycheck before we even see the money. And not surprisingly, they're keeping a ton of it. That's why we fired them. And they can't file a lawsuit to stop us. That lets us offer fair, transparent prices. No PBMs. No insurance games. No hidden markups. You see the cost, you pay the cost.
2:32

Tennessee just did what Congress can't. They passed a law to break up the health insurance giants. Specifically, they made it illegal for pharmacy benefit managers — the companies in charge of pharmacy insurance — and pharmacies to be owned by the same company. That makes perfect sense. For example: CVS Caremark is the PBM, and CVS is the pharmacy. So if you have Aetna insurance, you have CVS Caremark as your PBM, and they're going to do everything they can to make sure you use CVS as your pharmacy. Aetna, Caremark, CVS — all the same company. That causes all kinds of incredibly obvious problems that this law hopes to fix. If your insurance company is in charge of approving your medication, deciding how much to pay for it, AND deciding who gets that money — while also being the pharmacy that gets paid at the end — guess what happens to prices? They go up. Governor Lee signed the law last week. CVS immediately filed a federal lawsuit because they said it will force them to close all 136 stores they have in Tennessee. Let that sink in. I'm not sure most people realize what that says about CVS and health insurance in general. They had to choose between owning the middleman (the PBM) or the healthcare provider (the pharmacy). Without hesitation, they chose the middleman. The biggest pharmacy chain in the country — with a store on every corner — would drop all 136 of their Tennessee locations in a second if it means keeping their middleman business. It is more profitable for them to be a health insurance middleman getting between you and your healthcare than it is to actually provide the healthcare. That is the problem with healthcare in America. We have made the middleman so powerful that they've taken complete control of the entire system. Three PBMs — Caremark, Express Scripts, and OptumRx — handle around 80% of all prescriptions in this country. How on earth can we expect healthcare to work well and remain affordable if that's where the money is? We all auto-pay our insurance straight out of our paycheck before we even see the money. And not surprisingly, they're keeping a ton of it. That's why we fired them. And they can't file a lawsuit to stop us. That lets us offer fair, transparent prices. No PBMs. No insurance games. No hidden markups. You see the cost, you pay the cost.

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