CVS blankets Tennessee airwaves, enlists mass texts to fight Pharmacy Benefit Manager bill [Yahoo! Finance]
UnitedHealth Group Incorporated (DE) (UNH)
Last unitedhealth group incorporated (de) earnings: 4/15 05:55 am
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Source: Yahoo! Finance
Health care pharmacy chain CVS has spent $1.3 million on political TV advertisements across Tennessee to push back against a bill aimed at targeting its ownership of a pharmacy benefit manager, Federal Communications Commission public inspection files show. Tennessee lawmakers want to ban a pharmacy from also owning a pharmacy benefit manager, or PBM, which negotiates drug reimbursement rates between insurance companies and pharmacies, essentially serving as a middleman. CVS has warned that the bill, HB1959/SB2040 , would threaten “pharmacy access for patients” by forcing it to close all 134 Tennessee pharmacies and eliminate 2,000 jobs. CVS has taken particular issue with the legislation because it is the only PBM (CVS Caremark) that also owns physical stores in Tennessee. The advertising campaign includes purchases in all six of Tennessee's major TV markets, and was combined with text alerts from the company encouraging people to contact local representatives. “This legisla
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UNH
Earnings
- 1/27/26 - Beat
UNH
Sec Filings
- 3/19/26 - Form 4
- 3/19/26 - Form 4
- 3/19/26 - Form 4
- UNH's page on the SEC website