Senate bill proposes to rein in PBMs by forcing them to sell pharmacy businesses

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.

Read the full post on News Feed