The White House's announcement was warmly received by pharmacy benefit managers.
Thursday, July 11, 2019

Trump Administration Halts Rebate Rule, PBMs Rejoice

Thursday's announcement by the Trump administration that it was pulling back on its proposed drug rebate rule garnered strong support from pharmacy benefit managers (PBM). JC Scott, CEO of the Pharmaceutical Care Management Association, applauded the withdrawal of the policy, and the momentum carried over on to Wall Street. Cigna, UnitedHealth Group, CVS Health, and Anthem, all of which own a PBM, saw their respective stocks rise during morning trading.

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lead story
PBMs Applaud Trump Administration Withdrawing Rebate Rule, Stocks Soar
Thursday's announcement was warmly received by pharmacy benefit managers.
 
 
analysis
Judge Vacates HHS Rule That Would Require Drug Price Disclosure in TV Ads
  • United States District Court Judge Amit P. Mehta ruled in favor of three major pharmaceutical companies, blocking the Trump administration's final rule to disclose prescription drug list prices in direct-to-consumer television advertisements.
     
  • The decision came one day before the rule, which was finalized in early May, was set to go into effect.
     
  • The ruling is likely to be challenged at the United States Court of Appeals for the District of Columbia Circuit.
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analysis
Employee Benefits Expert Expects HRA Rule to 'Shake Up' Insurance Markets
  • Cowden Associates CEO Elliot Dinkin said the new rule issued by the Trump administration could have a wide-ranging impact.
     
  • "This gives employers an alternative in employee health coverage," Dinkin said. "If it works the way it is apparently designed to work, it could have a significant impact on the health insurance market while also creating a defined contribution alternative."
analysis
Almost 70% of Provider Execs List Consumer Experience as Top Priority
  • More than half of executives in highly competitive markets were likely to say improving the consumer experience is a top priority for the organization.
     
  • However, only 35% of respondents said they had a C-suite member dedicated to addressing consumer experience.
     
  • "I think we're still at the dawn of this consumerism wave but it's demonstrated that the better you are, the more money you get," said Dan D'Orazio, CEO of Sage Growth Partners.
analysis
University of Utah Health Changes Controversial Billing Policy
  • The Beehive State health provider told a local news outlet it was revising its billing practices.
     
  • The Salt Lake City-based academic medical center responded to the story that Get Gephardt was subject to a nearly $400 dermatologist bill for her deceased husband.
 
 

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Final Notes

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That's all, folks.

Jack O'Brien
Finance Editor