White House Abandons Plan to Overhaul Drug Rebates

July 12, 2019

The Trump administration has abandoned its plan to end manufacturer rebates given to PBMs.

“Based on careful analysis and thorough consideration, the President has decided to withdraw the rebate rule,” said Judd Deere, a White House spokesman. He said that the administration was encouraged by bipartisan discussion on legislation to control drug costs.

Read the full story from Time.