FTC Sues CVS, Cigna, UnitedHealth Over Rising Insulin Costs (1)
WEB3 hours 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. ... Shares of the big PBMs’ parent companies dipped on the news, with CVS falling 1.8% at 12:58 pm. Cigna and UnitedHealth ...
FTC Sues Prescription Drug Middlemen for Artificially Inflating …
WEB3 hours 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 ...
Federal Trade Commission accuses three drug middlemen of …
WEB2 hours ago · The FTC accused the "Big Three" pharmacy benefit managers (PBMs) — UnitedHealth Group's Optum Rx, CVS Health's Caremark and Cigna's Express Scripts — of "engaging in anticompetitive and unfair ...
FTC sues CVS, Cigna, UnitedHealth PBMs over insulin prices - STAT
WEB3 hours ago · The FTC said CVS Caremark, Cigna’s Express Scripts, and UnitedHealth’s OptumRx profit at the expense of patients forced to pay more for insulin.
Federal Trade Commission sues largest drug middlemen for
WEB3 hours ago · The Federal Trade Commission alleges CVS Health’s Caremark Rx, Cigna’s Express Scripts and United Health Group’s OptumRx created a system that prioritizes high rebates from drug ...
FTC sues drug 'gatekeepers' over high insulin prices - USA TODAY
WEB2 hours ago · 0:04. 1:12. The U.S. Federal Trade Commission sued the country's three largest pharmacy benefit managers on Friday, accusing them of steering diabetes patients toward higher-priced insulin to reap ...
US drug ‘gatekeepers’ face FTC antitrust lawsuit over insulin prices
WEB2 hours ago · Andrea Nelson, Cigna’s chief legal officer, said the lawsuit “continues a troubling pattern from the FTC of unsubstantiated and ideologically-driven attacks on pharmacy benefit managers”.
FTC sues drug middlemen for allegedly inflating insulin prices
WEB3 hours 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.
F.T.C. Accuses Drug Middlemen of Inflating Insulin Prices
WEB3 hours ago · Sept. 20, 2024, 12:07 p.m. ET. The Federal Trade Commission said on Friday that it had taken legal action against the three largest pharmacy benefit managers, accusing the drug middlemen of ...
FTC to sue PBMs over drug prices including insulin, source says
WEBJul 10, 2024 · The Federal Trade Commission is planning to sue three large U.S. health companies over their practices as middlemen who negotiate prices for medications such as insulin, as the agency...