The growing crackdown on pharmaceutical monopolies, which could force CVS to sell hundreds of its stores, is coming from an unexpected place.
The deep red South.
A number of red states, as well as some blue states, are poised to crack down on pharmaceutical conglomerates, including Tennessee and Arkansas, where GOP governors Bill Lee And Sarah Huckabee Sanders signed laws prohibiting companies from owning both pharmacies and pharmacy benefit managers, which negotiate drug prices on behalf of insurance plans.
The Republicans, who had never thought of dismantling conglomerates like those that own many American pharmacies, came to support the idea, following the president that of Donald Trump populism, as well as consumer frustration with the cost of living. Laws aim to lower drug prices Asset are already in decline due to its efforts to strengthen drugmakers under the threat of tariffs. Drug prices fell nearly 3% in the year ending in July, the biggest decline in more than half a century.
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