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 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 ...
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 ... Scripts, CVS and its subsidiary Caremark, and UnitedHealth and its subsidiary Optum. In the year since the CIDs were issued, Cigna and CVS each have produced only a fraction of the ...
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 · CVS Caremark and Optum disputed the FTC's allegations. "CVS Caremark is proud of the work we have done to make insulin more affordable for all Americans with diabetes. To suggest...
Federal Trade Commission accuses three drug middlemen of …
Sep 21, 2024 · In a lawsuit, the FTC accused Optum Rx, Caremark and Express Scripts of creating "a broken rebate system that inflated insulin drug prices, boosting PBM (prescription drug benefit managers)...
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...
FTC sues pharmacy benefit managers for inflating price of insulin : …
Sep 21, 2024 · Representatives for CVS Health's Caremark Rx, Cigna's Express Scripts, and United Health Group's OptumRx all denied the claims laid out in the FTC's suit.
FTC says prescription middlemen are squeezing Main Street …
Jul 9, 2024 · The three largest PBMs — CVS Caremark, Express Scripts and OptumRX — now manage almost 80% of all prescriptions filled in this country, the FTC noted. If the next three largest — Humana...
FTC Takes Legal Action Against Three Largest PBMs Over High …
Sep 20, 2024 · The FTC claims CVS Health's Caremark, Cigna's ESI and United Health Group's OptumRx created a "perverse drug rebate system," resulting in higher insulin list prices.