December 11, 2024
Michael McAuliff
One of the Senate’s most liberal members has teamed up with one of its most conservative on legislation that would break up healthcare behemoths such as UnitedHealth Group, CVS Health and Cigna.
Sens. Elizabeth Warren (D-Mass.) and Josh Hawley (R-Mo.), joined in the House by Reps. Diana Harshbarger (R-Tenn.) — a pharmacist — and Jake Auchincloss (D-Mass.), unveiled the Patients Before Monopolies Act of 2024, or PBM Act, on Wednesday. The measure would prohibit corporations that own pharmacy benefit managers or health insurers from also owning pharmacies.
This would have a dramatic effect on some of the biggest companies in the healthcare sector.