Statement from the President:
"I applaud this morning’s news that CVS Caremark has decided to stop selling cigarettes and other tobacco products in its stores, and begin a national campaign to help millions of Americans quit smoking instead. As one of the largest retailers and pharmacies in America, CVS Caremark sets a powerful example, and today’s decision will help advance my Administration’s efforts to reduce tobacco-related deaths, cancer, and heart disease, as well as bring down health care costs – ultimately saving lives and protecting untold numbers of families from pain and heartbreak for years to come. I congratulate – and thank – the CEO of CVS Caremark, Larry Merlo, the board of directors, and all who helped make a choice that will have a profoundly positive impact on the health of our country."
WASHINGTON (AP) - President Barack Obama is praising CVS Caremark for its decision to stop selling tobacco products at its drugstores.
Obama says CVS is setting a "powerful example," and says the decision will help his administration's efforts to reduce tobacco-related deaths and disease and bring down health care costs.
Obama is a former cigarette smoker. First lady Michelle Obama said in 2011 that her husband had finally kicked the habit.
CVS Caremark, the nation's second-largest drugstore chain, said Wednesday that it will phase out cigarettes, cigars and chewing tobacco by Oct. 1, a move that will cost it about $2 billion in annual revenue.
Obama, in a statement released Wednesday by the White House, says CVS new policy "will have a profoundly positive impact on the health of our country."