UnitedHealth, rival shares tumble as lawmakers push 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.
Lawmakers Push Bill to Break up Drug Middlemen, Affecting Stocks
The bill, sponsored by U.S. Senators Elizabeth Warren, a Democrat, and Josh Hawley, a Republican, will force companies owning health insurers or pharmacy benefit managers to divest their businesses operating pharmacies within three years.
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.
Lawmakers Plan Bill Forcing Drug Middlemen to Sell Pharmacies
A bipartisan coalition of US lawmakers have drafted legislation that would force prescription drug middlemen to divest pharmacies they own, according to materials reviewed by Bloomberg News.
Healthcare Stocks Dip as Senators Push to Break Up Pharmacy Benefit Managers
Pharmacy benefit manager shares dropped sharply Wednesday as lawmakers introduced bipartisan legislation requiring health insurers and PBMs to divest pharmacy operations within three years. The proposal
Health insurer stocks fall as WSJ says lawmakers set to break up pharmacy-benefit managers
Shares of health insurers such as UnitedHealth and CVS Health fell on Wednesday after a Wall Street Journal report said a bipartisan group of lawmakers was set to introduce legislation to break up pharmacy-benefit managers.
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 ...
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 ...
Money Morning1h
CVS Stock Hits 3-Year Low Legislation Announcement: Bearish Momentum Targets this Price
Today, the stock moved below the $52.50 level, posting its lowest close since 2020. With a bearish trend in CVS’ 50- and 200-day moving averages, the stock is likely to maintain its bearish momentum ...
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 ...
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 Aim To Break Up Health Care Giants With New Legislation
Pharmacy-benefit managers (PBMs) have been scrutinized for their role in drug distribution for years. Now a bipartisan group of lawmakers is threatening to break up the companies behind these ...
Becker's Hospital Review1h
Federal bill takes aim at joint PBM, pharmacy ownership: 6 notes
1. Sen. Elizabeth Warren, D-Mass., Sen. Josh Hawley, R-Mo., Rep. Diana Harshbarger, R-Tenn., and Rep. Jake Auchincloss, D-Mass., introduced the bill, which would prohibit the joint ownership of PBMs ...
Healthcare Dive3h
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 ...
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.