The Break Up Big Medicine Act

Lookout UnitedHealth and CVS: https://www.warren.senate.gov/imo/media/doc/break_up_big_medicine_act_one-pager.pdf

The legislation will:
• Prohibit a parent company from owning a medical provider or management services organization and a PBM or insurer
• Prohibit a parent company of a prescription dr-g or medical device wholesaler from owning a medical provider or MSO
• Require companies in violation to come into compliance within one year of enactment
• Create automatic penalties for failure to comply, including disgorgement of profits and forced asset sales
• Enable the FTC, HHS, DOJ, state attorneys general, and private parties to bring lawsuits against violators
• Allow the FTC and DOJ to review and block future transactions that recreate these conflicts of interest

#Medical #Company #Organization

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Healthcare is 20% of gdp. They’ll never fix it for that reason alone

Everybody knows ya just need to slip this administration a brown bag of cash and they will let you do what you want.

Not going to happen. Legislators are in bed with healthcare corporations.

Has been introduced every year for a decade. The Senate won’t break the filibuster for major spending crisis. It ain’t happening for a perennial law nobody will vote for.

We will have to see if and how this is implemented. Could spell big impact for the company and stock or be a lot of nothing.

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The Break Up Big Medicine Act

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