Health stocks plunge as uncertainty rises on Obamacare, Congress threatens action on drug prices [CNBC]
Anthem, Inc. (ANTM)
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Source: CNBC
Health-care stocks plunge as uncertainty rises on Obamacare, Congress threatens action on drug prices Tetra Images | Getty Images Health-care stocks were poised to end the week in the red on Friday after lawmakers on Capitol Hill threatened to write new laws tightening control over the nation's largest pharmacy benefit mangers to curb skyrocketing drug costs. The Trump administration's legal challenge to former President Barack Obama Affordable Care Act Bernie Sanders XLV Anthem Humana UnitedHealth Group Executives from CVS Health Cigna Chuck Grassley hinted the committee Ana Gupte, Leerink Partners senior health-care services analyst, said the health-care sell off is mostly driven by the proposed legislative changes to the PBMs' business model, which are paid so-called rebates by Big Pharma for getting their drugs covered by private and public insurance plans, like Medicare. These so-called "backdoor deals" are suspected by lawmakers to increase drug costs for patients. It is "very l
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