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Lobbyists for drugmakers, pharmacists and large employers are pressing lawmakers in Congress to rein in pharmacy benefit managers, which they say are behind soaring drug costs, Politico reports. The effort to paint PBMs as villains has sparked a multimillion-dollar campaign to influence Democrats, who eager to show they are taking on the powerful drug industry to lower costs for Americans, the report says.
1. UnitedHealth reports significant data breach; personal health info compromised
2. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
3. Illinois House passes governor’s 'Healthcare Protection Act’
4. UnitedHealth faces scrutiny over size, operations, and cyberattack
5. Analyst says Cigna, Humana share prices could put merger back on the table
6. Walmart to shut down health clinics due to unprofitability