Drudge Retort: The Other Side of the News
Tuesday, January 14, 2025

Federal Trade Commission (FTC) accused their pharmacy benefit manager units of imposing significant price markups on specialty generic drugs, according to a new interim staff report. 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 for cancer and HIV, between 2017 and 2022.

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... 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

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