Federal Trade Commission sues largest drug middlemen for ... - CNN
Sep 20, 2024 · The agency alleges that CVS Health’s Caremark Rx, Cigna’s Express Scripts and UnitedHealth Group’s Optum Rx and their affiliated group purchasing organizations created a system that prioritizes...
FTC Sues Prescription Drug Middlemen for Artificially Inflating Insulin …
Sep 20, 2024 · The FTC accuses Caremark, ESI, and Optum of anticompetitive and unfair rebating practices that have artificially increased the list price of insulin drugs and shifted the cost to patients. The FTC seeks to end the PBMs' exploitative conduct and restore healthy competition in the insulin market.
Drug middlemen illegally drive up the cost of insulin, FTC says
Sep 20, 2024 · The companies — CVS-owned Caremark Rx, Cigna Group's Express Scripts and UnitedHealth Group's Optum Rx — acted in ways that stifled industry competition for insulin drugs, including by using...
CVS, Cigna Seek to Disqualify FTC Officials in Insulin Case Over ...
Oct 9, 2024 · CVS, Cigna Seek to Disqualify FTC Officials in Insulin Case Over Alleged Bias. Healthcare company says Chair Lina Khan and other top officials have shown through public statements that they have...
FTC Sues CVS, Cigna, UnitedHealth over insulin prices
Sep 20, 2024 · 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...
Cigna seeks to disqualify FTC Chair Lina Khan from insulin case …
Oct 9, 2024 · Cigna seeks to disqualify FTC Chair Lina Khan from insulin case because of alleged bias. Provided by Dow Jones Oct 9, 2024 5:41pm. By Ciara Linnane. Parents of the two other leading PBMs have...
Feds sue pharmacy gatekeepers over high insulin costs
Sep 20, 2024 · The Federal Trade Commission sued on Friday the three largest pharmaceutical intermediaries charged with negotiating drug prices on behalf of insurers, claiming they are illegally maximizing...
Federal Trade Commission accuses three drug middlemen of …
Sep 21, 2024 · 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 prescription-drug middlemen over insulin prices, says ...
Sep 20, 2024 · The Federal Trade Commission on Friday sued prescription-drug middlemen owned by CVS Health Corp., Cigna Group and UnitedHealth Group Inc., alleging that they artificially pumped up prices of...
US FTC to sue drug middlemen over insulin prices, source says
July 10 (Reuters) - The U.S. Federal Trade Commission is planning to sue UnitedHealth (UNH.N), Cigna (CI.N) and CVS Health (CVS.N) over their tactics as middlemen in negotiating prices for drugs...