Vol. I · Washington Weekday Mornings

Follow the money. Show the work.

live file Thursday, October 22, 2026 ● Live on Beehiiv

The $444M Medicare Loophole Buried on Page 66,482

CMS bans most PBM pay, keeps percentage rebates legal, and admits it can't say whether prices fall

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Burn The Playbook editorial art for The $444M Medicare Loophole Buried on Page 66,482
At a glance CMS bans most PBM pay, keeps percentage rebates legal, and admits it can't say whether prices fall

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