Christopher McFadden of Goldman Sachs points out that clients have started to claw back much of the lucrative sales rebate (some prefer to call it kickback) PBMs get from drugs manufacturers.

Although Merrill Lynch estimates that some 90% of the rebate was saved, there was still enough money around to boost sales of food and electronics.

Organized labor opposed the sales-tax raise, saying it was unfair to working families because I had failed to secure an income tax rebate as an offset for the sales tax on food.