The “Break Up Big Medicine Act ” tackles a questionable business strategy called “vertical integration” that causes high healthcare prices for everyone.
In vertical integration, one company can own every part of the health care supply chain—from health insurance companies, to pharmacy benefit managers, pharmacists and even the physicians. By controlling all of the chain, giant pharmacy conglomerates could steer business to others in their supply chain. They could also avoid the laws that stop corporations from making illegal profits and potentially use the health providers they employ to boost government payments to make even more money for themselves.
Learn more about it here and click the video below to listen to Democratic Senator Elizabeth Warren explain more!