US1255231003 - Common Stock
Curious about the top performers within the S&P500 index one hour before the close of the markets on Wednesday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
Stay updated with the movements of the S&P500 index in the middle of the day on Wednesday. Discover which stocks are leading as top gainers and losers in today's session.
CVS Health's Caremark, Cigna's Express Scripts and UnitedHealth Group's Optum control the majority of the U.S. pharmacy benefit market, with their parent companies also operating health insurance and pharmacy businesses. Pharmacy benefit managers negotiate drug costs with pharmacies and drug manufacturers and help build drug coverage lists for health plans, mostly on behalf of employers and the government.
Shares of pharmacy benefit managers fell Monday after President-elect Donald Trump said he plans to “knock out” drug-industry middlemen, a sign the sector isn’t likely to see relief from political scrutiny during his administration.
Johnson & Johnson has sued divisions of Cigna, accusing the health insurer of working with a drug-benefit middleman to drain J&J's financial-assistance funds earmarked for patients taking some of its pricier drugs, The Wall Street Journal reported on Friday.
Employees should be free to choose their own health care plans, but be given the same contributions from their workplaces, Mark Bertolini argued.
New bipartisan legislation targets pharmacy benefit managers.
Pre-market stock analysis of S&P500 stocks on 2024-12-12: top gainers and losers in today's session.
Curious about the top performers within the S&P500 index one hour before the close of the markets on Wednesday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
Shares of UnitedHealth Group (NYSE: UNH) were pulling back again today on reports that the Senate is working on a bill that would force health insurers like UnitedHealth to divest their pharmacy benefit managers (PBMs) within three years. Other health insurance stocks, including Cigna and CVS Health, were down on the news as well. The bill, which was reported by The Wall Street Journal, appears to have bipartisan support, as it was sponsored by Democrat Elizabeth Warren and Republican Josh Hawley.
The stock reaction on Wednesday appeared to be in response to new bipartisan legislation that aims to break up pharmacy benefit managers.
Let's have a look at what is happening on the US markets on Wednesday. Below you can find the S&P500 stocks with an unusual volume in today's session.
Join us in exploring the top gainers and losers within the S&P500 index in the middle of the day on Wednesday as we examine the latest happenings in today's session.
Shares of health insurers such as UnitedHealth and CVS Health fell on Wednesday after a Wall Street Journal report said a bipartisan group of lawmakers were set to introduce legislation to break up pharmacy-benefit managers. The Senate bill, sponsored by U.S. Senators Elizabeth Warren and Josh Hawley, will force companies that own health insurers or pharmacy-benefit managers to divest their businesses operating pharmacies within three years, the report said. Pharmacy-benefit managers negotiate prescription drug prices between insurers, pharmacies and drugmakers, and directly reimburse pharmacies for prescription drugs included under their agreed upon terms.
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That stock performance appears to be in response to renewed negative rhetoric around insurers and how they manage their businesses.
Health insurance stocks remain under pressure after the shooting of UnitedHealthcare executive Brian Thompson last week. Oscar Health CEO, and former Aetna CEO, Mark Bertolini reacts.
Fort Worth, Texas--(Newsfile Corp. - December 6, 2024) - Boomer Benefits, a distinguished Medicare insurance agency founded in 2005 in...
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CI is well-poised for growth on the back of strong contributions from the Evernorth and Cigna Healthcare units. A strong financial position enables it to undertake business investments.
/PRNewswire/ -- The Cigna Group Foundation, the philanthropic arm of The Cigna Group (NYSE: CI), announced today the first round of grant recipients –...
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Units of CVS, Cigna and UnitedHealth face new regulations aimed at boosting competition and transparency.
The complaint is the latest move in a bitter legal fight between the U.S.'s three largest so-called pharmacy benefit managers, or PBMs, and the FTC.