United Healthcare and Cigna: "We are going to knock down the middleman" - D. Trump
Mysterious PBMs within healthcare conglomerates
With all due respect, we are surrounded by middlemen. Ever tried to purchase food directly from a manufacturer? Not so easy - and often more expensive - than buying from a retailer, another sort of middleman.
Granted, not all middlemen are created equal. This is about mysterious Pharmacy Benefit Managers (PBMs) and is a continuation of my recent “United Healthcare and Cigna: Why They Belong in Your Portfolio”. Trump’s words hit a nerve and both United Healthcare (UNH) and Cigna (CI) slid.
On an emotional level, I dislike PBMs. But who cares about my emotions especially if it is not me who is paying them? Perhaps, Mr. President cares, or does he?