FTC Releases Second Interim Staff Report on Prescription Drug …
Jan 14, 2025 · The Federal Trade Commission today published a second interim staff report on the ... LLC (CVS), Express Scripts, Inc. (ESI), and OptumRx, Inc. (OptumRx)—marked up numerous specialty generic drugs dispensed at their affiliated pharmacies by thousands of percent, and many others by hundreds of percent. Such significant markups allowed the Big ...
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 ...
FTC Says CVS, Cigna and UnitedHealth Abuse Middleman Role (3)
Jan 14, 2025 · Units of CVS Health Corp., Cigna Group and UnitedHealth Group Inc. charged significantly more than the national average acquisition cost for dozens of specialty generic drugs, bringing in more than $7.3 billion in “excess” revenue over six years, the Federal Trade Commission said in a report on the drug middlemen.
Jan 17, 2025 · Federal Trade Commission . WASHINGTON, D.C. 20580 . Office of the Chair . Statement of Chair Lina M. Khan In the Matter of Caremark/ESI/Optum ... (“CIDs”) the FTC issued to The Cigna Group (“Cigna”) and CVS Health Corporation (“CVS”) more than a year ago. The CIDs were issued as part of an investigation into the
Top three insurers reaped $7.3 billion through their drug ... - NBC …
Jan 14, 2025 · The FTC also said these so-called Big Three health care companies — which it estimates administer 80% of all prescriptions in the U.S. — are inflating drug prices “at an alarming rate, which ...
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...
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...
FTC Sues CVS, Cigna, UnitedHealth for Manipulating Insulin Sales
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.
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...
FTC sues drug 'gatekeepers' over high insulin prices - USA TODAY
Sep 20, 2024 · The case accuses UnitedHealth Group Inc's Optum unit, CVS Health Corp's CVS Caremark and Cigna Corp's Express Scripts of unfairly excluding lower-cost insulin products from lists of drugs...