BIG by Matt Stoller • 42285 implied HN points • 10 Feb 26
- Huge vertically integrated health firms—wholesalers, insurers, PBMs, and provider chains—create conflicts of interest that drive up costs, steer care toward profit, and undermine clinicians' independence.
- A new bipartisan bill would force structural separation so companies must choose between being insurers/PBMs/wholesalers or owning providers, and it would empower enforcement to block future rollups.
- Momentum is building at both state and federal levels—through laws, FTC actions, and public support—to break up or tightly regulate Big Medicine and return power to patients and clinicians.