Healthcare DIVE December 11, 2024
The PBM Act would make CVS, Cigna and UnitedHealth — and any other companies that own health insurers or PBMs — sell pharmacy assets.
A bipartisan group of legislators is seeking to break up pharmacy benefit managers by forcing them to sell pharmacy businesses, in what experts described as Congress’ most radical attempt to reform the controversial drug middlemen to date.
On Wednesday, Sens. Elizabeth Warren, D-Mass., and Josh Hawley, R-Mo., introduced a bill in the Senate that would require healthcare companies that own health insurers or PBMs to sell pharmacy assets within three years. A companion bill was also introduced in the House.
The legislation, if passed, would be a massive shakeup for the U.S. pharmacy supply chain, cutting...
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