Congress Introduces Bills to Break Up UnitedHealth Group
Congress members in both houses are pushing to break up the nation's biggest insurance monopolies after UnitedHealthcare CEO Brian Thompson's murder last week sparked widespread anger. As the New York Times reports, these bipartisan bills seek to force insurers and other healthcare companies to sell off their so-called "pharmacy benefit managers" or PBMs — which companies and government agencies use to manage their employees' prescription benefits — within the next three years. Though neither bill names any companies specifically, the NYT indicated that along with UnitedHealth Group — the parent company of UHC and its PBM Optum Rx — CVS' Caremark […]
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