White House pulls proposal to eliminate drug rebates – Politico
Thu, 11 Jul, 2019 - 13:48
July 11 (Reuters) – The Trump administration has withdrawn
its proposal to eliminate rebates from government drug plans,
the Politico //www.politico.com/story/2019/07/11/white-house-drug-rebate-rule-1405884
reported on Thursday, citing a White House spokesperson.
The White house did not immediately respond to Reuters
request for comment.
Shares of health insurers such as UnitedHealth Group Inc
, Cigna Corp and drug distributors like McKesson
Corp rose after the report. CVS Health shares
were also higher.
(Reporting by Ankur Banerjee in Bengaluru
Editing by Saumyadeb Chakrabarty)
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