Advertisement

Drudge Retort: The Other Side of the News
Wednesday, January 15, 2025

The Federal Trade Commission said the companies made $7.3 billion over five years from the marked up prices

More

Alternate links: Google News | Twitter

FTC: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 their affiliated specialty pharmacies to generate more than $7.3 billion in revenue from dispensing drugs in excess of the drugs' estimated acquisition costs from 2017-2022. The Big 3 PBMs netted such significant revenues all while patient, employer, and other health care plan sponsor payments for drugs steadily increased annually, according to the staff report.

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

More from the article...

... The PBMs generated more than $7.3 billion in excess revenue, with affiliated pharmacies receiving higher reimbursements than unaffiliated counterparts.

"The FTC staff's second interim report finds that the three major pharmacy benefit managers hiked costs for a wide range of lifesaving drugs, including medications to treat heart disease and cancer," said FTC Chair Lina Khan. ...



#1 | Posted by LampLighter at 2025-01-14 03:28 PM | Reply

... imposed markups of hundreds to thousands of percent on critical drugs ...

Another example of corporations exploiting the needed healthcare of people for the profits of their wealthy owners?

#2 | Posted by LampLighter at 2025-01-14 07:12 PM | Reply

IT'S ALL ABOUT SHAREHOLDER VALUE!...man.

#3 | Posted by Effeteposer at 2025-01-14 07:29 PM | Reply

One last good deed from the FTC before it is destroyed by fascists who will never again tell us when corporations are killing us with their greed.

#4 | Posted by SpeakSoftly at 2025-01-15 06:32 PM | Reply

Thanks Obamacare!

#5 | Posted by visitor_ at 2025-01-15 07:34 PM | Reply

The following HTML tags are allowed in comments: a href, b, i, p, br, ul, ol, li and blockquote. Others will be stripped out. Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Anyone can join this site and make comments. To post this comment, you must sign it with your Drudge Retort username. If you can't remember your username or password, use the lost password form to request it.
Username:
Password:

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2025 World Readable

Drudge Retort