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.
Health-care stocks fall as lawmakers, patients push for changes to their business models
The stock reaction on Wednesday appeared to be in response to new bipartisan legislation that aims to break up pharmacy benefit managers.
Bipartisan lawmakers introduce effort to break up big health care conglomerates
A bipartisan group of lawmakers introduced legislation this week that would prevent companies that own pharmacies from also owning pharmacy benefit managers, middlemen that oversee prescription drug benefits for companies.
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 lawmakers and regulators.
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 Plot to Force Health Insurers to Sell Off Pharmacies
A bipartisan group of lawmakers are set to introduce legislation to break up pharmacy-benefit managers, the drug middlemen that have now faced yearslong scrutiny from Congress and the Federal Trade Commission.
Lawmakers Eye Bill Forcing Drug Middlemen to Sell Pharmacies
A bipartisan coalition of US lawmakers has drafted legislation that would force prescription drug middlemen to divest pharmacies they own, according to materials reviewed by Bloomberg News.
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.
Health Insurance Stocks Slide on News of Plan to Force Pharmacy Selloffs
Health insurance stocks fell, after The Wall Street Journal reported lawmakers are set to introduce legislation to break up pharmacy-benefit managers. A Senate bill would force the companies that own health insurers or pharmacy-benefit managers to divest their pharmacy businesses.
Bill Seeks To Lower Drug Costs By Breaking Up Pharmacy-Benefit Management And Pharmacies
A bipartisan group of lawmakers said Wednesday that they seek to lower drug costs by prohibiting joint ownership of pharmacy-benefit
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