Senators Warren, Hawley introduce bipartisan bill that would force insurers, pharmacies to sell off PBMs

[Duaine]

Hell has not frozen over, and death and taxes still exist, but Sen. Elizabeth Warren, D-Mass., and Sen. Josh Hawley, R-Mo., have joined to introduce a pharmacy benefit manager control legislation, the Patients Before Monopolies Act bill.

The bill also has bipartisan support in the House, with Reps. Diana Harshbarger, R-Tenn., and Jake Auchincloss, D-Mass., introducing the legislation in that chamber.

The bill would prohibit any person from owning a pharmacy and an insurance company at the same time or from owning a pharmacy benefit manager and a pharmacy at the same time.

The top targets of the bill are Cigna's Express Scripts business, CVS Health's Caremark and and UnitedHealth's OptumRx.

https://www.benefitspro.com/2024/12...5fb5dbdc728b23d759e55fc18460862605a7487083e0a

 

[InsuranceGuy29]

I'm sure Hawley means well, but Elizabeth Warren is a moron that just wants to see a path to universal healthcare. She will do whatever it takes to sabotage insurance, just like the rest of the commies.

All this is gonna do is raise prices throughout the insurance sector. People still haven't quite got it through their thick skulls that health insurance is BARELY profitable. Most money goes to paying claims and operating costs. Profit-taking is HEAVILY restricted by government, by law, already. Profit is only about 2.7%.

Insurers are not charities, and they're not gonna keep operating if they are losing money on a certain line of insurance. I know the commies on the left are foaming at the mouth with joy after reading that, because they have no clue how insurance works, or business, or life, or much of anything for that matter.

But insurers are the only ones that can generate the kind of insane money it takes to pay your insanely large hospital bills. Take insurers out and you're left with a third world level of care with super long wait times, substandard doctors, doctor shortages, hospital shortages, etc.

There's already proof of how that works with Medicaid, which is the closest thing to universal care...and it's absolute trash.

I know everyone loves to hate insurers, and yes, they are certainly not without fault. Some execs are trash, and others are actually very decent people. Just like any other field in life that involves humans. Each company and person is very different.

Love them or hate them, if you want to keep this 1st world standard that we take for granted, we need them. But people are entitled nowadays, most are low IQ, and they appreciate nothing and take everything for granted.

Do I want to see a world where insurers are controlling insurance, doctors office, pharmacies, etc? No. So again, I know they mean well. But I also understand why insurers are doing this integrated care model.....because health insurance really isn't that profitable.

Government needs to allow them to start taking more of a profit, if they're going to dismantle the integrated care model. This is just a fact. Focus on working WITH insurers....sitting down at the table, hearing them out, etc. Do not just ram policy down their throats, which is the commie left's way of doing business. Sadly, that's what this is.