Healthcare Finance News December 12, 2024
The bipartisan legislation would prevent dual ownership of PBMs and pharmacy assets.
A proposed bipartisan, bicameral bill introduced in the Senate would prohibit an insurer or a parent company of a pharmacy benefit manager from owning a pharmacy business.
If passed, big insurers such as CVS Health, which owns Aetna; Cigna; and UnitedHealth Group would be forced to divest of any pharmacy assets.
CVS Health owns the PBM CVS Caremark and also the CVS Pharmacy business.
Having the same ownership of a PBM, which pays for pharmacy services, and a pharmacy chain is an inherent conflict of interest, according to a statement from the office of Sen. Elizabeth Warren, D-Mass., one of four lawmakers who introduced the bill on Wednesday.
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