Reported about 13 hours ago
UnitedHealth Group's stock fell by 5% today due to reports of a Senate bill that may require health insurers to divest their pharmacy benefit managers (PBMs) within three years. The bill, which appears to have bipartisan support, aims to reduce bureaucracy in healthcare. UnitedHealth owns one of the largest PBMs, Optum Rx, which managed substantial pharmaceutical spending in 2023. This regulatory scrutiny comes amid increasing public outcry over the insurance industry.
Source: YAHOO