Jul 19, 2018 - Economy
Drug rebate rule spooks pharmacy benefit manager stocks
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Express Scripts, CVS Health, and UnitedHealth Group lost a combined $5 billion in market cap Thursday after it was revealed the Trump administration is proposing a rule that will alter how drug rebates can legally work in federal health care programs.
Flashback: These pharmacy benefit managers took a similar beating in May when the rebate chatter began.
