FTC Releases Second Interim Staff Report on Prescription Drug …
5 days ago · The Federal Trade Commission today published a second interim staff report on the prescription drug middleman industry, which focuses on pharmacy benefit managers’ (PBMs) influence over specialty g ... Staff’s latest report found that the ‘Big 3 PBMs’—Caremark Rx, LLC (CVS), Express Scripts, Inc. (ESI), and OptumRx, Inc. (OptumRx ...
FTC Sues Prescription Drug Middlemen for Artificially Inflating …
Sep 20, 2024 · The FTC’s administrative complaint alleges that CVS Health’s Caremark, Cigna’s ESI, and United Health Group’s Optum, and their respective GPOs—Zinc Health Services, Ascent Health Services, and Emisar Pharma Services—have abused their economic power by rigging pharmaceutical supply chain competition in their favor, forcing patients ...
Similarly, the FTC’s empty claim that CVS favors drugs with high list prices over those with low list prices is contradicted by Caremark’s and its clients’ actions, which demonstrate a history of embracing lower list price products when those products also have lower net costs for
UnitedHealth and CVS accuse FTC commissioners of anti-PBM …
Oct 9, 2024 · Cigna, UnitedHealth and CVS Caremark are calling Federal Trade Commission (FTC) Chair Lina Khan and two other commissioners to either recuse themselves, or be removed from the agency’s...
Federal Trade Commission sues largest drug middlemen for
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...
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 Caremark, Express Scripts, OptumRx markups made billions: FTC …
5 days ago · The FTC analyzed data for 51 specialty generic drugs dispensed from 2017-2022 for patients with commercial insurance or Medicare Part D plans managed by CVS Caremark, Express Scripts and OptumRx.
UnitedHealth, employer of slain exec Brian Thompson, found to …
4 days ago · FTC Chair Lina Khan has the big three pharmacy benefit managers in sight—UnitedHealth's OptumRx, Cigna's Express Scripts and CVS Caremark Rx.
UnitedHealth, CVS Caremark, Express Scripts sued for insulin prices: FTC
Sep 20, 2024 · The FTC sued UnitedHealth Group's Optum unit, CVS Caremark and Cigna's Express Scripts for allegedly steering diabetes patients towards higher priced insulin.
US FTC finds major pharmacy benefit managers inflated drug …
5 days ago · From 2017 to 2022, the companies -- UnitedHealth Group's Optum, CVS Health's CVS Caremark and Cigna's Express Scripts -- marked up prices at their pharmacies by hundreds or thousands of percent ...
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