Trump targets PBMs in comments at Mar-a-Lago
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Contributor since / Followers
Contributor since / Followers
6 days ago
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- In an effort to combat high presciption drug prices, President-Elect Donald Trump Monday said, “we are going to knock out the middleman,” a reference to pharmacy benefit managers.
- The top three PBMs in the U.S., Caremark, Express Scripts, and OptumRX, are owned by, respectively, CVS Health (NYSE:CVS), Cigna (NYSE:CI), and UnitedHealth Group (NYSE:UNH).
- In a press conference at Mar-a-Lago, Trump added that he doesn’t like vaccine mandates and believes his nominee to head up HHS, Robert F. Kennedy Jr., will be “much less radical” than critics anticipate.
- In an interview on NBC’s “Meet the Press” earlier in December, Trump said, “Number one, we’re going to reduce prices, because the middleman makes more money than the drug companies. There’s a middleman that nobody even knows who they are.”