Health insurer stocks fall as WSJ says lawmakers set to break up pharmacy-benefit managers

Health insurer stocks fall as WSJ says lawmakers set to break up pharmacy-benefit managers

) fell on Wednesday after a Wall Street Journal report said a bipartisan group of lawmakers was set to introduce legislation to break up pharmacy-benefit managers.

Pharmacy-benefit managers negotiate prescription drug prices between insurers, pharmacies and drugmakers, and directly reimburse pharmacies for prescription drugs included under their agreed upon terms.

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