U.S. District Judge Brian Miller has granted a preliminary injunction, effectively halting an Arkansas law that would have banned pharmacy benefit managers (PBMs) from owning or operating pharmacies in the state. This ruling comes as a significant development for PBMs, including Cigna's Express Scripts, which had sued to block the legislation.
The judge sided with the PBMs, agreeing that the state's law may violate the U.S. Constitution. This decision temporarily protects the integrated business models of major PBMs in Arkansas, preventing the forced divestiture of their pharmacy assets.
This legal victory is crucial for Cigna's Evernorth Health Services segment, as it mitigates a direct regulatory threat to its operational structure and profitability in Arkansas. The outcome could also influence ongoing debates and potential legislative actions in other states regarding PBM regulations.
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