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Seniors win big with President Trump's rebate rule


Last updated 6/27/2019 at 9:16am

More than half of Americans say they have a hard time affording their prescription drugs.

Luckily for them, the Trump administration recently proposed a rule to criminalize the shady business practices that keep drug prices high for patients at the pharmacy counter. Lawmakers should support the proposal full stop.

The president’s reform takes aim at middlemen in the drug supply chain known as “pharmacy benefit managers” or PBMs. Insurers hire PBMs to negotiate with drug manufacturers and help decide which drugs insurers should cover. This gatekeeper status gives PBMs considerable po...

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