Elizabeth Warren and Josh Hawley a bipartisan Senate duo aiming to break up "Big Medicine"

February 10, 2026

TL;DR

Senators Elizabeth Warren and Josh Hawley are introducing a bill to break up "Big Medicine."
The bill aims to reduce prescription drug costs and increase competition in the healthcare market.
It targets large health companies that own multiple parts of the healthcare supply chain, including physician's offices, pharmacies, and Pharmacy Benefit Managers (PBMs).
The legislation would prohibit a parent company from owning both sides of a healthcare transaction (e.g., an insurer and a PBM).
Supporters compare the bill's potential impact to the "Glass-Steagall" Act.
The senators argue that consolidation allows companies to steer business to their own entities and increase profits.
The bill includes financial penalties and empowers federal agencies to take legal action against non-compliant companies.
The proposal comes amid bipartisan criticism of PBMs and broader efforts to control healthcare costs.

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