Retail Pharmacies
Leading PBMs face increasing scrutiny from states
Iowa is the latest to impose limits on how PBMs can operate in the state.
Iowa is the latest to impose limits on how PBMs can operate in the state.
PBMs have reportedly raised drug prices and contributed to local pharmacy closures. But CVS is threatening to close more in Arkansas.
The PBM says it will now reimburse pharmacies based on the cost to acquire drugs.
The state is the first in the country to prohibit PBMs from owning or operating a pharmacy.
Rite Aid tried a similar move, with seemingly limited success.
It was a busy Q1 for the retail pharmacy giant.
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