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 ... This week FTC staff filed petitions to enforce compliance with civil investigative demands (“CIDs”) the FTC issued to The Cigna Group (“Cigna”) and CVS Health Corporation (“CVS”) more than ...
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.
FTC accuses CVS, Cigna, UnitedHealth of abusing middleman role …
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 ...
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 Says It Sued CVS, Cigna Over Drug Documents for PBM Probe
Jan 18, 2025 · 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 ...
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 lawsuit ...
Cigna Sues Federal Trade Commission Over 'Defamatory' Report
Sep 17, 2024 · Cigna’s Express Scripts unit called the FTC’s July report “unfair, biased, erroneous, and defamatory” in a lawsuit filed Tuesday in federal court in Missouri. An FTC spokesman said the agency...
CVS, Cigna, and UnitedHealth inflated cancer and HIV drug prices, FTC …
Jan 14, 2025 · Three major drug middlemen needlessly marked up generic drugs for cancer, HIV, and multiple sclerosis to generate $7.3 billion in revenue, The Federal Trade Commission (FTC) said in a report...
UnitedHealth Group, CVS Health, Cigna inflated drug prices, FTC …
Jan 14, 2025 · 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.
Cigna’s PBM Express Scripts sues the FTC, seeking ... - MarketWatch
Sep 17, 2024 · Cigna Group’s pharmacy benefit manager Express Scripts on Tuesday sued the U.S. Federal Trade Commission, alleging that the agency’s July report on the PBM industry was biased and defamatory...