"We have a thing called the middleman. You know the middleman, right? The horrible middleman that makes more money frankly than the drug companies, and they don't do anything except they're a middleman," he said. "We're going to knock out the middleman."
Shares in companies that operate pharmacy benefit manager businesses, which are the prescription drug middlemen that Trump was referring to, sank: UnitedHealth Group shares fell 4.2%, Cigna Group shares fell over 3%, CVS Health Corporation shares fell 5.6%.
Pharmacy benefit managers (PBMs) are unique to the healthcare system in America. They are entities that work as middlemen between insurance companies and drug makers to negotiate the price of prescription drugs.
There is a startling lack of transparency when it comes to the business practices of companies that operate America's private healthcare system, which has come under increased scrutiny following the recent events.
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