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 ... 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 Says It Sued CVS, Cigna Over Drug Documents for PBM Probe
2 days ago · The US Federal Trade Commission said it sued CVS Health Corp. and Cigna Group for failing to turn over documents requested by the antitrust and consumer protection agency about their role as drug middlemen.. In statement late Friday, outgoing FTC Chair Lina Khan said the agency filed legal actions to enforce subpoenas it sent as part of a probe into potentially unlawful business practices by ...
FTC Says CVS, Cigna and UnitedHealth Abuse Middleman Role (3)
5 days ago · 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.. The practice inflated costs for consumers and insurers on key treatments ...
FTC accuses CVS, Cigna, UnitedHealth of abusing middleman role, …
5 days ago · Investing.com -- Shares of CVS Health Corp (NYSE:CVS), Cigna (NYSE:CI) Group, and UnitedHealth Group Inc (NYSE:UNH) were down around 1% after the Federal Trade Commission (FTC) accused their ...
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 ...
CVS, Cigna, and UnitedHealth inflated cancer and HIV drug prices, FTC …
5 days ago · The FTC alleged that the ‘Big 3’ pharmacy benefit managers (PBMs)—Caremark Rx, LLC, which is owned by CVS Health ; Express Scripts, Inc., which is owned by Cigna ; and OptumRx, Inc. , 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...
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
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.
- Some results have been removed