Citing CVS Health's previous promotion of the Affordable Care Act, a representative of the National Center for Public Policy Research's Free Enterprise Project (FEP) questioned CEO Larry Merlo at today's annual meeting of shareholders about the retail pharmacy chain's position on recent congressional efforts to repeal and replace ObamaCare.
"Companies that once promoted ObamaCare have a moral obligation to work with the Trump Administration and congressional leaders to advance a better path forward for the American health care system," said National Center General Counsel and FEP Director Justin Danhof, Esq., who attended CVS Health's annual investor event in Woonsocket, Rhode Island and directly questioned Merlo.
At the meeting, Danhof noted:
Danhof's entire question, as prepared for delivery, is available here (http://www.nationalcenter.org/CVS_Question_2017.pdf).
"Merlo certainly recognized the role competitive markets play in advancing health care innovation. To the extent that an ObamaCare replacement may do so, it's my impression that CVS will work with folks in Washington to get that done," said Danhof. "As to specific reforms, Merlo mentioned the Food and Drug Administration's backlog of nearly 4,000 drugs - many of them generics - that are waiting for approval. He rightly pointed out that an influx of properly vetted generic drugs would reduce overall health care costs without sacrificing quality."
Earlier this year, at the shareholder meeting of Walgreens Boots Alliance, another pharmacy chain in competition with CVS Health, Chairman James Skinner indicated to the National Center that his company would be willing to work with the Trump Administration on replacing Obamacare with a free-market alternative. Following that meeting, Danhof joined former congressman J.D. Hayworth on "Newsmax Prime" to discuss why it is so important for corporations to work with the White House on health care reform.
Danhof also recently confronted Humana CEO Bruce Broussard, Johnson & Johnson CEO Alex Gorsky and Eli Lilly CEO Dave Ricks with similar questions about the potential involvement of their companies in helping the Trump Administration replace ObamaCare.
Launched in 2007, the National Center for Public Policy Research's Free Enterprise Project is the nation's preeminent free-market activist group - focusing on shareholder activism and the confluence of big government and big business. Since 2014, National Center representatives have participated in nearly 100 shareholder meetings to advance free-market ideals in the areas of health care, energy, taxes, subsidies, regulations, religious freedom, food policies, media bias, gun rights, workers' rights and many other important public policy issues. This is the thirteenth shareholder meeting the FEP has attended in 2017.
The National Center's Free Enterprise Project activism has yielded a tremendous return on investment:
So far in 2017, the FEP has been featured in media outlets including the New York Times, Washington Post, USA Today, Variety, Associated Press, Bloomberg, Breitbart, WorldNetDaily, Drudge Report, Business Insider, CNET, National Public Radio, American Family Radio and SiriusXM. In 2016, the FEP was also featured in the Washington Times, the Fox News Channel's "Cavuto," the Financial Times, Crain's Chicago Business, the Hollywood Reporter, the Los Angeles Times, Fortune, Newsmax, the Daily Caller, Lifezette, the Seattle Times, the San Francisco Chronicle and the Chicago Tribuneamong many others. The Free Enterprise Project was also featured in Wall Street Journal writer Kimberley Strassel's 2016 book The Intimidation Game: How the Left is Silencing Free Speech (Hachette Book Group).
About The National Center for Public Policy Research
The National Center for Public Policy Research, founded in 1982, is a non-partisan, free-market, independent conservative think-tank. Ninety-four percent of its support comes from individuals, less than four percent from foundations and less than two percent from corporations. It receives over 350,000 individual contributions a year from over 60,000 active recent contributors.
SOURCE: The National Center For Public Policy Research