Healthcare stocks fall as lawmakers push for bill to break up drug middlemen
Shares of companies owning pharmacy benefit managers fell on Wednesday after the introduction of a bipartisan bill that would force health insurers or drug middlemen to divest their pharmacy businesses.
Bipartisan Lawmakers Seek to Break Up Giant Health Care Conglomerates
New legislation would force UnitedHealth Group, CVS Health and Cigna to each sell their pharmacies within three years.
Bipartisan lawmakers want to force health insurers, PBMs to sell off pharmacies
A bipartisan group of lawmakers introduced legislation that would force the breakup of pharmacy benefit managers (PBMs), the drug industry middlemen that have come under increasing scrutiny by
New bipartisan legislation would force insurers, PBMs to sell pharmacy businesses
The PBM Act would make companies like CVS and UnitedHealth that own health insurers or PBMs sell pharmacy assets. It would help independent pharmacies, but may not help patients, according to one expert.
Warren and Hawley join forces for bill that would force health insurers to sell off pharmacies
The bipartisan bills would remove the middlemen who influence prices for prescriptions, making healthcare companies divest their pharmacies.
Lawmakers seek to break up PBMs from health insurers, WSJ reports
A Senate bill sponsored by Democrat Elizabeth Warren and Republican Josh Hawley would force the companies that own health insurers or
CVS Might Just Be the Last Drugstore Stock. Should It Be Broken Up?
CVS could wind up as the only pharmacy stock in the U.S. if Walgreens goes private. But the drugstore chain, worth about $65 ...
Senators Turn Screws on Health Care Industry as CEO Shooting Fuels Scrutiny
Senators Josh Hawley and Elizabeth Warren are teaming up on a bill that targets pharmacy benefit managers (PBMs) as the health care industry faces growing scrutiny following last week's shooting of ...
Modern Healthcare7d
'Transparent' CVS, Express Scripts, OptumRx PBMs draw interest
CVS Caremark, OptumRx and Express Scripts are fending off political and legal scrutiny — and upstart rivals promising more ...
Crain's Chicago Business2d
Report details rampant pharmacy closures across U.S.
Illinois' rate of closures through the 2010s and into the '20s clocked slightly higher than the national figure — all of ...
Drug Store News1d
CVS Health earns URAC Health Equity Accreditation
The accreditation recognizes CVS Caremark and CVS Specialty for creating solutions to address inequities in health outcomes.