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Fortune

Sasha Rogelberg

Trump criticizes ‘rich as hell’ pharmacy benefit managers

Donald Trump Cigna UnitedHealth Group Mark Cuban Health Care

Donald Trump speaks in front of a podium with a blue sign that said "Trump Vance" (Credit: Andrew Harnik/Getty Images)

President-elect Donald Trump criticized pharmacy benefit managers, calling them “rich as hell” and accused them of being responsible for raising drug prices at a Monday press conference. Shares of health care companies with those subsidiaries faltered overnight, an indication of Trump’s power over the stock market, even before he takes office next month.

President-elect Donald Trump’s continued criticism of pharmacy benefit managers has sent health insurers’ stocks slumping.

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