The Trump administration said it plans to eliminate kickbacks involving pharmacy benefit managers (PBMs) as part of its goal to lower health insurance for Americans.
The framework, dubbed the "Great Healthcare Plan," is aimed at lowering drug prices and insurance premiums while holding large insurance companies accountable and increasing price transparency.
President Donald Trump on Thursday urged Congress to pass the framework into law "without delay."
"Have to do it right now so that we can get immediate relief to the American people," Trump said in a video message announcing the plan.
The administration said in the proposal that these PBMs – which it describes as "large brokerage middlemen" – are to blame for "deceptively" raising the cost of insurance premiums. Trump's proposal to eliminate kickbacks paid by these PBMs would essentially limit how much money they make and eventually weaken their influence. It's not as drastic as the president's earlier threat to eliminate them completely.