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Dozen States Limit PBMs, CVS Sues Tennessee Ban

6/27/2026

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Story summary
  • Dozen states have limited pharmacy benefit managers, with Tennessee’s rule barring them from operating pharmacies, which CVS is suing to block.
  • A KFF poll found 6 in 10 adults worry about prescription costs, with 4 in 10 skipping doses, fueling patients' fear of losing pharmacies.
  • PBMs and drug makers have spent $24 million on ads since 2025, prompting Congress to pass a February rule stopping PBMs from keeping Medicare Advantage rebates.