Bipartisan Effort Targets Health Insurer and PBM Breakups
TL;DR Summary
In response to the murder of UnitedHealthcare CEO Brian Thompson, Congress has introduced bipartisan bills aimed at dismantling major insurance monopolies by requiring companies to divest their pharmacy benefit managers (PBMs) within three years. The Patients Before Monopolies Act, sponsored by Senators Elizabeth Warren and Josh Hawley, targets companies like UnitedHealth Group, CVS, and Cigna, which dominate the U.S. prescription market. The legislation reflects growing public frustration with the healthcare industry, though its passage remains uncertain.
- Congress Introduces Bills to Break Up UnitedHealth Group Futurism
- Elizabeth Warren, Josh Hawley Co-Sponsor Bill to Break Up Giant Health Care Conglomerates The New York Times
- Lawmakers push for PBM reform The Hill
- New bipartisan legislation would force insurers, PBMs to sell pharmacy businesses Healthcare Dive
- Lawmakers Plot to Force Health Insurers to Sell Off Pharmacies The Wall Street Journal
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