A bipartisan group of lawmakers are set to introduce legislation to break up pharmacy-benefit managers, the drug middlemen that have now faced yearslong scrutiny from Congress and the Federal Trade Commission. A Senate bill, sponsored by Sens. Elizabeth Warren (D., Mass.) and Josh Hawley (R., Mo.), would force the companies that own health insurers or pharmacy-benefit managers to divest their pharmacy businesses within three years. A companion bill, which sponsors say draws on a history of government prohibitions on joint ownership within industries, was also scheduled to be introduced in the House on Wednesday.
Read the full article: Lawmakers Plot to Force Health Insurers to Sell off Pharmacies //
Source: https://www.wsj.com/politics/policy/warren-hawley-health-insurers-pbm-bill-c8cdeb85