While asked at a press event about the drug industry, President-elect Trump is quoted as having said “we’re going to knock out the middle man,” which is being attributed for the late morning dip seen in shares of CVS Health (CVS). CVS is owner of one of the three biggest pharmacy-benefit managers, Caremark, which is joined on that list by Cigna’s (CI) Express Scripts and UnitedHealthGroup’s (UNH) OptumRx.
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Read More on CVS:
- Lawmakers Introduce Bill to Prevent Health Insurers from Owning Pharmacies
- Lawmakers seek to break up PBMs from health insurers, WSJ reports
- CVS Health call volume above normal and directionally bullish
- CEO killing, rage over insurance pushes UnitedHealth into crisis, Bloomberg says
- Buy/Sell: Wall Street’s top 10 stock calls this week
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
