F.T.C. Accuses Drug Middlemen of Inflating Insulin Prices
WEB14 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 ...
Explainer: Why are US pharmacy benefit managers under fire?
WEB13 hours ago · The U.S. Federal Trade Commission said on Friday it was suing the country's three largest pharmacy benefit managers, accusing them of abusing their power and rigging the pharmaceutical supply ...
FTC Sues Prescription Drug Middlemen for Artificially Inflating …
WEB14 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 ...
High insulin prices spur a federal lawsuit ... - Associated Press News
WEB11 hours ago · The federal government is suing some big pharmacy benefit managers over a system of drug rebates that regulators say has made the price of insulin soar for diabetic patients. Three companies that process about 80% of prescriptions in the United States — Caremark, Express Scripts and OptumRx — have engaged in anticompetitive practices that ...
FTC sues CVS, Cigna, UnitedHealth PBMs over insulin prices - STAT
WEB14 hours 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 ...
The ERISA Industry Committee Calls on Congress to Close …
WEB2 days ago · Washington, D.C., September 19, 2024 – The ERISA Industry Committee (“ERIC”) today released a new issue brief, “PBM Reform: Deem PBMs a “Fiduciary” Under ERISA,” calling for Pharmacy Benefit Managers (“PBMs”) to be deemed a “fiduciary” under the Employee Retirement Income Security Act (“ERISA”).The issue brief details how today’s unregulated PBM industry can ...
Lawmakers unveil PBM reform bill amid rising drug costs
WEBJul 23, 2024 · The new bill joins dozens of other bipartisan efforts on the federal and state level to reform PBMs, which negotiate rebates with drug manufacturers on behalf of insurers, large employers and ...
Why PBMs, or pharmacy benefit managers, are the focus of new ... - NPR
WEBJul 7, 2023 · At least nine bills introduced in Congress take aim at pharmacy benefit managers, the powerful middlemen that channel prescription drugs to patients. Here's what the fuss is all about.
Pharmacy benefit managers profit at expense of patients and small ... - CNN
WEBJul 9, 2024 · Pharmacy benefit managers, which negotiate the terms for prescription drug access for hundreds of millions of Americans, are racking up profits while squeezing patients and independent...
How PBMs Are Driving Up Prescription Drug Costs - The New York Times
WEBJun 21, 2024 · The three largest pharmacy benefit managers, or P.B.M.s, act as middlemen overseeing prescriptions for more than 200 million Americans.