FTC Releases Second Interim Staff Report on Prescription Drug …
6 days ago · Staff’s latest report found that the ‘Big 3 PBMs’—Caremark Rx, 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 3 PBMs and ...
4 days ago · CVS moved to quash the FTC’s subpoena request. On December 3, 2024, the Commission denied CVS’s petition to quash and ordered that CVS provide the requested testimony on December 20, 2024, “or at such other date, time, and location as the Commission staff may determine.” 1 Commission staff offered CVS several additional dates,
FTC Says CVS, Cigna and UnitedHealth Abuse Middleman Role (3)
6 days ago · CVS said it has complied with the FTC’s demands by providing more than 2 million documents and 7 terabytes of data. A company spokesman said the lawsuit appeared to be linked to CVS’ attempt to have commissioners of the FTC removed from a related case about insulin costs. CVS said it was “misleading” for the agency to draw conclusions ...
FTC accuses CVS, Cigna, UnitedHealth of abusing middleman role, …
6 days ago · FTC said the "Big 3 PBMs" — CVS’s Caremark, Cigna’s Express Scripts, and UnitedHealth’s OptumRx — imposed markups of hundreds to thousands of percent on critical drugs, including those ...
CVS, Cigna, and UnitedHealth inflated cancer and HIV drug prices, FTC …
6 days ago · The FTC reported that a disproportionate share of specialty drugs marked up more than $1,000 per prescription were done so by PBMs operated by CVS, Cigna, and UnitedHealth, compared to ...
FTC Says CVS, Cigna and UnitedHealth Abuse Middleman Role
Jan 14, 2025 · Units of CVS Health Corp., Cigna Group and UnitedHealth Group Inc. charged significantly more than the national average acquisition cost on dozens of ... FTC Says CVS, Cigna and UnitedHealth Abuse ...
UnitedHealth Group, CVS Health, Cigna inflated drug prices, FTC …
6 days ago · The FTC said UnitedHealth Group's Optum, CVS Health's CVS Caremark and Cigna's Express Scripts marked up prices by hundreds or thousands of percent.
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...
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.
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