If you were to poll a group of American adults, most would agree that health care costs are too high. Sens. Elizabeth Warren (D–Mass.) and Josh Hawley (R–Mo.) think they have a fix to this issue: more government intervention in the health care industry.
On Tuesday, the pair introduced the Break Up Big Medicine Act, which bans a company from simultaneously owning hospitals as well as insurers and pharmacy benefit managers (PBMs), who serve as the middlemen in the pharmaceutical industry and help negotiate drug prices. The bill also prohibits drug companies from owning hospitals, and vice versa.
