US Federal Trade Commission Sues CVS Health, Cigna, UnitedHealth’s Pharmacy Benefit Managers For Inflating Insulin Prices – CVS Health (NYSE:CVS), Cigna (NYSE:CI), UnitedHealth Group (NYSE:UNH)
On Friday, the Federal Trade Commission (FTC) filed a formal complaint against three major pharmacy benefit managers (PBMs)—CVS Health Inc’s CVS Caremark, Cigna Corp’s CI Express Scripts, and UnitedHealth Group Inc’s UNH Optum—for allegedly engaging in unfair and anti-competitive practices that have inflated the list price of insulin medications. The complaint accuses the PBMs of … Read more
