This legislation has some good and bad points for Us the investors in the Market. As most of us are aware, healthcare spending is projected by the CBO to consume 20+% GDP in the next few years. This spend will effect all sectors of the US Stock market, currently it is below 18%. Walgreens, Rite Aid and Independent Rx Business support this legislation and the PBM/Employer groups oppose it.
That bill would be huge for Walgreens, but I don't see it passing without some major modifications. They will change it from a bullet in the temple for ESRX & CVS to a firecracker going off in the vicinity.