CNBC December 11, 2024
Key Points
– Shares of major healthcare companies fell nearly 5% on Wednesday on concerns related to potential changes to their complex business models.
– That includes UnitedHealth Group, Cigna and CVS Health, which operate three of the nation’s largest private health insurers and drug supply chain middlemen called pharmacy benefit managers.
– The stock reaction on Wednesday appeared to be in response to new bipartisan legislation that aims to break up pharmacy benefit managers.
Shares of major health-care companies fell as much as 5% on Wednesday as investors feared pressure from lawmakers and patients could force changes to their business models.
The declining stocks include UnitedHealth Group, Cigna and CVS Health, which operate three of the nation’s largest private...
Today's Sponsors
Today's Sponsor