Utah AG Reyes Sues UnitedHealth Group & Express Scripts for …

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FAQs about Utah AG Reyes Sues UnitedHealth Group & Express Scripts for … Coupon?

Are pharmacy benefit managers'medication gatekeepers'?

Rahul Rao, Deputy Director of the FTC's Bureau of Competition, said in a statement that the three pharmacy benefit managers, or PBMs, are "medication gatekeepers" that have "extracted millions of dollars off the backs of patients who need life-saving medications." ...

Are pharmacy benefit managers illegally driving up the cost of insulin?

Updated on: September 20, 2024 / 5:04 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 making it harder for patients to obtain cheaper versions of the life-saving drug. ...

Why is the FTC suing drug manufacturers?

The Bureau of Competition “remains deeply troubled by the role drug manufacturers like Eli Lilly, Novo Nordisk, and Sanofi play in driving up list prices of life-saving medications like insulin,” FTC said. The agency said it “may recommend suing drug manufacturers” in the future. Copyright 2024 Nexstar Media Inc. All rights reserved. ...

Did pharmacy benefit managers 'artificially inflate the list price of insulin?

The Federal Trade Commission (FTC) on Friday sued the three largest pharmacy benefit managers (PBMs) for engaging in alleged anticompetitive practices that boosted profits while “artificially” inflating the list price of insulin. The agency’s action targeted CVS Caremark Rx, Cigna’s Express Scripts and UnitedHealth’s OptumRx. ...

Why is Biden suing PBMs?

The lawsuit, which hasn’t yet been made public, represents an escalation of the Biden administration’s scrutiny of the business practices of PBMs, seeking to shine light on the opaque intermediaries at the center of the pharmaceutical distribution system. The companies forcefully pushed back. ...

Does the FTC attack pharmacy benefit managers?

“This action continues a troubling pattern from the FTC of unsubstantiated and ideologically-driven attacks on pharmacy benefit managers,” said Andrea Nelson, chief legal officer of the Cigna Group. ...