• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • CVS Tobacco Decision Shows Businesses' Freedom to Choose How to Run Their Business

    Newscom

    Newscom

    Would a company voluntarily give up $2 billion a year in sales?

    Apparently so, if its leadership decides it’s the right thing to do. That’s how much CVS stands to lose from its decision to stop selling tobacco products.

    “We really thought about this decision as it relates to the future as a health company — it’s good for customers and our company, in the long run,” Helena Foulkes, CVS’s president, told USA Today.

    This may come as a shock to government planners who prefer to regulate the activities of businesses and consumers alike. Most recently, Obamacare’s onerous menu labeling requirements threaten to cripple some restaurant businesses—despite the fact that the nutrition information is already available from the restaurants.

    Businesses want to provide products and services that customers want to buy. If they don’t, they go out of business. But CVS’s move to change the products it offers shows that plenty of business leaders consider more than just the bottom line—they consider the values they want their companies to reflect. This is another freedom they should enjoy in America—though it has recently been denied to businesses like Hobby Lobby that are trying to defend their right to do business in accordance with their values.

    Will CVS be successful in its new direction? Time and the customers will determine that. But it’s the type of decision businesses should be free to make without interference from government.

    Read more: Why All Americans Should Support Hobby Lobby’s Case Against Obamacare

    Posted in Culture, Economics, Front Page, Obamacare [slideshow_deploy]

    Comments are closed.

    Comments are subject to approval and moderation. We remind everyone that The Heritage Foundation promotes a civil society where ideas and debate flourish. Please be respectful of each other and the subjects of any criticism. While we may not always agree on policy, we should all agree that being appropriately informed is everyone's intention visiting this site. Profanity, lewdness, personal attacks, and other forms of incivility will not be tolerated. Please keep your thoughts brief and avoid ALL CAPS. While we respect your first amendment rights, we are obligated to our readers to maintain these standards. Thanks for joining the conversation.

    Big Government Is NOT the Answer

    Your tax dollars are being spent on programs that we really don't need.

    I Agree I Disagree ×

    Get Heritage In Your Inbox — FREE!

    Heritage Foundation e-mails keep you updated on the ongoing policy battles in Washington and around the country.

    ×