Drug middlemen illegally drive up the cost of insulin, FTC says
WEB1 day ago · September 20, 2024 / 3:09 PM EDT / CBS News. Federal regulators are accusing the country's three largest pharmacy benefit managers of illegally driving up the cost of insulin in the U.S., while ...
Federal Trade Commission sues largest drug middlemen for …
WEB1 day ago · CNN —. The Federal Trade Commission took action Friday against the three largest pharmacy benefit managers, accusing the companies of artificially inflating insulin list prices that resulted in ...
FTC Sues Prescription Drug Middlemen for Artificially Inflating Insulin …
WEB1 day ago · Today, the Federal Trade Commission brought action against the three largest prescription drug benefit managers (PBMs)—Caremark Rx, Express Scripts (ESI), and OptumRx—and their affiliated group purchasing organizations (GPOs) for engaging in anticompetitive and unfair rebating practices that have artificially inflated the list price of insulin drugs, impaired patients’ access to lower ...
FTC sues pharmacy benefit managers for inflating price of insulin : …
WEB15 hours ago · The three PBMs named in the FTC lawsuit make up about 80% of the market. According to the suit, the PBMs collected billions of dollars in rebates and fees while insulin became increasingly ...
FTC Sues CVS, Cigna, UnitedHealth Over Rising Insulin Costs (1)
WEB1 day ago · The US Federal Trade Commission sued units of CVS Health Corp., Cigna Group and UnitedHealth Group Inc. on Friday, accusing the drug middlemen of engaging in illegal rebate programs that drove up the price of insulin.. The agency said it filed a complaint in its administrative court alleging that CVS’s Caremark, Cigna’s Express Scripts and UnitedHealth’s Optum Rx accepted money from ...
FTC sues drug 'gatekeepers' over high insulin prices - USA TODAY
WEB1 day ago · Federal Trade Commission sues drug 'gatekeepers' over high insulin prices. The U.S. Federal Trade Commission sued the country's three largest pharmacy benefit managers on Friday, accusing them of ...
Federal Trade Commission accuses three drug middlemen of …
WEB1 day ago · Further, we also provide access to $25 insulin to every American, whether insured or uninsured, through our ReducedRx program at every one of our 67,000 network pharmacies and more than 9,000 CVS ...
FTC sues CVS, Cigna, UnitedHealth PBMs over insulin prices - STAT
WEB1 day ago · The administrative complaint accused CVS Caremark, Cigna’s Express Scripts, and UnitedHealth’s OptumRx of creating a “perverse” system of rebates that favored insulin that was sold at ...
FTC sues drug middlemen for allegedly inflating insulin prices
WEB1 day ago · The FTC suit targets the three biggest so-called pharmacy benefit managers, UnitedHealth Group's Optum Rx, CVS Health's Caremark and Cigna's Express Scripts.
FTC sues insulin middlemen, saying they pocket billions while …
WEB12 hours ago · The FTC brought action against the top PBMs — CVS Health's Caremark Rx, Cigna's Express Scripts, and United Health Group's OptumRx — saying the companies created a "perverse drug rebate system" that artificially inflates the cost of insulin. If the suit is successful, it could further drive down costs for patients at the pharmacy counter.
Skip to content