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White House pulls proposal to eliminate drug rebates - Politico

Reuters | Washington DC | Updated: 11-07-2019 17:44 IST | Created: 11-07-2019 17:18 IST
White House pulls proposal to eliminate drug rebates - Politico

The Trump administration has withdrawn its proposal to eliminate rebates from government drug plans, the Politico https://www.politico.com/story/2019/07/11/white-house-drug-rebate-rule-1405884 reported on Thursday, citing a White House spokesperson.

The White house did not immediately respond to Reuters request for comment.

Shares of health insurers such as UnitedHealth Group Inc , Cigna Corp and drug distributors like McKesson Corp rose after the report. CVS Health shares were also higher.

Also Read: UPDATE 2-Trump administration "uniquely dysfunctional", says UK ambassador to US -newspaper

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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