UnitedHealth, rival shares tumble as lawmakers push to break up drug middlemen
Pharmacy benefit managers have previously come under scrutiny for their influence over prescription drug prices.
Lawmakers seek to break up drug middlemen in push to reduce medication costs
A group of lawmakers is hoping to break up some of the country’s largest healthcare conglomerates in a move aimed at reducing prescription drug prices.
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.
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.
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.
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.
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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The Big Three Pharmacy Benefit Managers Are Countersuing the FTC. Does Their Argument Have Any Teeth?
The FTC filed a lawsuit in September, accusing the three major PBMs of anticompetitive rebating practices related to insulin.
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Attorney General Russell Coleman files lawsuit against Optum Rx for role in opioid epidemic
The Kentucky Attorney General’s Office has announced its latest lawsuit against a corporation behind the worst man-made ...
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Attorney General Coleman adds OptumRx to opioid lawsuit
Attorney General Russell Coleman has added OptumRx, a pharmacy benefit manager, to an existing lawsuit for reckless opioid ...
Ohio Board of Pharmacy launches tool to help those living with disabilities
The Ohio Board of Pharmacy on Monday launched a tool to help people with low vision, hearing loss, or who face language ...
Why UnitedHealth Group Stock Was Falling Today
Shares of UnitedHealth Group ( UNH -5.60%) were pulling back again today on reports that the Senate is working on a bill that would force health insurers like UnitedHealth to divest their pharmacy ...