STAT

Trump abandons drug pricing proposal that would have ended certain drug rebates

President Trump Source: Win McNamee/Getty Images

WASHINGTON — The Trump administration on Wednesday abandoned one of its signature drug-pricing efforts: a ban on many of the rebates that drug companies pay to pharmacy benefit managers under Medicare.

A White House spokesman confirmed the news to STAT after it was first reported by Axios.

“Based on careful analysis and thorough consideration, the President

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