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White House withdraws controversial rule to eliminate drug rebates

WorldNews Thursday, 11 July 2019 ()
White House withdraws controversial rule to eliminate drug rebatesThe White House is withdrawing a controversial proposal to change how drugs are paid for, a spokesman said Thursday. The administration is scrapping a rule that would have banned “rebates,” which are essentially discounts that drug companies give to negotiators known as pharmacy benefit managers. ADVERTISEMENT This proposed rule was one of the few drug pricing moves that the pharmaceutical industry actually...
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News video: Trump Administration Drops Plan That Would've Eliminated Drug Rebates

Trump Administration Drops Plan That Would've Eliminated Drug Rebates 01:33

The White House will no longer pursue a proposal that would&apos;ve gotten rid of drug rebates in an attempt to lower drug prices for consumers.

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