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White House pulls proposal to eliminate drug rebates: Politico

President Donald Trump speaks within the Oval Workplace of the White Home in Washington, July 1, 2019.

Jonathan Ernst | Reuters

The Trump administration has withdrawn its proposal to get rid of rebates from authorities drug plans, Politico reported on Thursday, citing a White Home spokesperson.

The White home didn’t instantly reply to Reuters request for remark.

Shares of well being insurers similar to UnitedHealth, Cigna, and drug distributors like McKesson rose after the report. CVS Well being shares had been additionally increased.


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