PBMs handle 80% of prescriptions in the US.
1 report, 1 independent
Updated Sep 12
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What happened
PBMs handle 80% of prescriptions in the US.
Who's involved
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Part of
CVS Health, UnitedHealth Group, and Walgreens collectively control over half of U.S. prescription revenue, dominating the market share alongside other large operators.Also in this story
- CVS Health and UnitedHealth Group offer Pharmacy Benefit Manager (PBM) services in the market.
- Evernorth invested in a former business unit of Walgreens.
- CMS rate updates affect managed care stocks, including Humana, which are tracked by Artisan Partners amidst global market uncertainty.
- Advocates including Mark Cuban, Elizabeth Warren, and Josh Hawley are pushing for a 'Break Up Big Medicine' bill, citing regulators' failure to curb market consolidation.